FX.co ★ GBP/USD

Hello traders, Currently, the GBP/USD currency pair continues to move within a descending channel, indicating that sellers are still in control. After an attempt to hold below the 1.31800 level, a slight pullback occurred. I expect the price to range between 1.31950 and 1.31750 in the near future. At the moment, the closest support level is at 1.31840. If the price manages to break below this level, it could signal a potential move towards 1.31600, although a retracement may also occur. It is important to note that the price is currently above this point, with a bearish bias being the priority.