FX.co ★ dusty24 | GBP/USD

Good Saturday day, gentlemen speculators GBP/USD daily chart

Following yesterday's trading results, sellers kept the GBP/USD quotes below the square starting level of 1.3634, indicating that the main impulse for this pair remains downward on the daily timeframe. The nearest support for this instrument is at the level of 1.3518, and if it is broken, its price will continue to decline to the median level of the square at 1.3403, the reaction to which will likely determine the near-term outlook. If the price holds above this level, the pound-dollar exchange rate can resume its rise for another attempt to break the starting level of 1.3634, but if the support at 1.3403 does not hold, the initiative will definitively shift to the sellers and GBP/USD will continue its southern movement towards the level of 1.3288, and upon breaking it - towards 1.3174 (2/3 of the downward cycle for this impulse).