FX.co ★ GBP/USD

Hello traders, Currently, the GBP/USD currency pair continues to move within a sideways channel. This information indicates that neither sellers nor buyers are in control. After an attempt to hold above the 1.3395 level, the price bounced back. I expect that in the near future, the price for the currency pair will move in a range roughly between 1.4410 and 1.3345. At the moment, the 1.3345 level is the closest support. If the price manages to break below this level, it could be one of the first signals that a move towards 1.3320 is likely to start, although the price could also bounce back. It is important to note that the price is currently above this point, indicating a bearish bias.