The currency pair stays within the ascending channel. GBP/USD tested 1.3906 support level last week. Fluctuations were driven by technical factors due to the lack of important data releases.
We expect GBP/USD to test 1.3906 this week. If the support level prevents the currency pair from further plunge, it is likely to reverse targeting 1.4129.
We expect GBP/USD to test 1.3906 this week. If the support level prevents the currency pair from further plunge, it is likely to reverse targeting 1.4129.