GBP/USD - technical analysis! If the monthly close like this it will be high test rejecting dynamic resistance, 0.618 FIB and monthly 50 EMA. Weekly close with bearish engulfing rejecting previous highs, descending trend line and 0.618 FIB. On the daily we see break of ascending wedge to the downside and now the price approaching support zone between 1.28 - 1.2930 and the daily 50 EMA, watching for bounce of that level and retest and rejection on the wedge for another leg short.