FX.co ★ GBP/USD

We can say that nothing has changed for the GBPUSD pair in the sense that the downward movement continues as the main trend. Moreover, we are currently moving down and pushing south. There is still room for further decline, as the area around 1.3155 is still relevant. However, we are still trading above 1.32 for now, so I do not exclude the possibility of moving higher. Alternatively, we could see a more significant pullback, as yesterday we couldn't even reach 1.33. Of course, this is influenced by the demand for the dollar, which is currently rising. But soon there will be PMI data for the UK, followed by the US. In general, if we see a pullback, I will sell. However, I believe we will go straight below 1.3155. If we fail to hold below that level, then I will consider buying.