FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Yesterday, on the news about the possibility of a soon-to-be deal between the US and Iran, risky assets started to grow nicely. On the GBP/USD pair chart, there was a noticeable upward impulse, with the price breaking above 1.3455, but the breakout turned out to be false and the price started to slowly decline. Consolidation is observed again, along with uncertainty, so we have to wait for further developments and market activity. To continue the upward movement, we need to break above the current resistance at 1.3455 and the next levels at 1.3480-1.3500. Only after that, the path to the north will be relatively open. If the decline resumes and we see a move towards 1.3300 again, I will be looking for the price to reach the sloping support at 1.3250.