For the GBP/USD pair, we have now approached an important resistance level at 1.3365. A breakout above this level could give the price a significant acceleration upwards, with a path to 1.3572 being open in that case. However, technically speaking, I currently see support at the level of 1.3284. The fact that there is more than a 30-point difference between these levels usually results in the price being unable to break above the resistance at 1.3365 and instead returning to 1.3284. Let's see if this plays out today. I am not entering any long positions on the GBP/USD pair for now. I think the price may be pushed down to the support at 1.3284 once again, from where one could consider opening long positions on the GBP/USD pair, keeping in mind to place stops below the level of 1.3227. Because if one were to buy GBP/USD at the current price of 1.3363, stops would still need to be placed all the way below 1.3227.
