FX.co ★ GBP/USD

As of today, the GBP/USD currency pair continues to move within a descending channel, which indicates that sellers still maintain control. After an attempt to stay below the 1.3345 level, a pullback began. I expect that in the near future the price of the pair will move roughly in the 1.3345–1.3365 range. At the moment, the 1.3345 level is the nearest support; if the price manages to break below this level, it may become one of the first signals that a move toward 1.33 is likely to begin, although a pullback may also occur. However, it is important to note that the price is currently above this point, and the priority movement remains bearish.