Technical analytics

GBP/USD

GBPUSD

Despite the US dollar’s retracement the pound returned to the red figures. The major dropped below 1.3550 and softened to 1.3450 afterwards. Sellers did not find any reason to move the pair lower and took a pause. Buyers used this chance to reverse some losses and returned sterling above 1.3500. If sellers return, they might drive the GBP/USD pair to 1.3400.