Hello traders. Regarding the movement of the GBP/USD currency pair at the moment, there is no specific direction. On one hand, we see that the last four-hour movement, starting from May 28 near the support at 1.3375, was upwards, but once it reached the resistance at 1.3480, the bulls' efforts faded. At the same time, we have seen an active attempt by the bears to push the price down in this currency pair, and they almost reached the level of 1.3400, but quickly returned to the pair's highs. Currently, the GBP/USD quotes are consolidating in a narrow range, between the pair's high at 1.3480 on top and the support at 1.3450 below. I don't see a strong reason to open trades right now, as the movement can go in either direction, but speaking of probabilities, the south is still more likely, considering that the maximum at 1.3480 has already been marked twice by the "Zigzag" indicator, the stochastic is trading at the overbought boundary of the pair, and the advisor has switched to the bears' side. Therefore, we can now expect a slower and more confident decline of the GBP/USD pair, towards the levels already indicated by the bears at the round level - 1.3400.
