Hello traders. Last Thursday brought some corrections to the downward movement of the GBP/USD currency pair quotes on the four-hour chart, as on that day the US dollar quotes actively fell on Donald Trump's statement about the upcoming peace agreement with Iran. Thus, the previous successes of the bears were erased, but, in any case, the medium-term downward trend, which started on May 25 from the level of 1.3510, has been preserved. By the end of the trading day, we have another bearish candle on the four-hour chart, and the stochastic has turned south. Therefore, I believe that trading over the weekend at the level of 1.3402, on Monday the GBP/USD pair will start to return to decline aiming to reach the support at 1.3350. What happens next is still unclear, as the previous local minimum of the pair turned out to be higher, which again was disrupted by Donald Trump's statement. However, now we see an ambiguous four-hour picture, so we need to wait for its resolution and clearer signals for further movement.
