FX.co ★ GBP/USD

In any case, nothing has really changed for the GBPUSD pair in the sense that the main move is still downward. Although it should be noted right away that there are no clear nearby targets in either direction anymore, because we went below 1.3155 but failed to consolidate there. So for now it looks like a false breakout. All the more so since in recent days the pair has tried to move up, but this entire rise is still just a pullback. And yesterday almost the entire move up was absorbed and we closed below 1.32. Of course, a lot here will also depend on demand for the dollar. At these prices I’m not considering any trades. But I assume we can drop to the 1.3160 area, where I don’t rule out buying, but only with a stop below the local lows.