FX.co ★ GBP/USD

Hello traders, Currently, the GBP/USD currency pair continues to move within an ascending channel, indicating that buyers are still in control. However, after an attempt to hold above the 1.3555 level, the price bounced back, starting a pullback. I believe that in the near future, the price will continue to pull back to around 1.3540-1.3535 before resuming its upward movement. At the moment, the 1.3535 or 1.3540 level can be considered as a support level. If the price manages to break below this level, it could be one of the first signals that a much deeper move to 1.3520 may start, although I expect a rebound. It is important to note that the price is currently above this level, indicating a bullish bias.