FX.co ★ GBP/USD

In the GBP/USD pair, we managed to establish a close below the 1.3500 support level on the hourly candle, turning it into a resistance level. Therefore, only a price movement above this resistance will signal the start of a new uptrend for the GBP/USD pair. As long as we remain below 1.3500, it seems like today we can expect a continuation of the price decline for the GBP/USD pair. The target for this decline will be the support at the 1.3415 level on the four-hour timeframe. I believe that buyers will definitely put up a fight at that level, as a close of the four-hour candle below 1.3415 would indicate a reversal to the downside for the GBP/USD pair, while for now, it's just a pullback from the rise.