FX.co ★ GBP/USD

On the 30-minute timeframe for the GBP/USD currency pair, the price reacted to the local resistance at 1.3442 and started moving south. The bounce from this area indicates increased seller activity and a possible development of a corrective decline after buyers attempted to continue the upward move. At the moment, the advantage is shifting to the sellers. If bearish pressure persists, a further decline towards the nearest support line at 1.3330 is expected. This level may become a zone where the price finds support and buyer activity appears. Until this area is reached, the main scenario remains a move downward as long as the price stays below the local resistance at 1.3442.