The GBP/USD has been on a uptrend ever since last week. The beginning of this week has sparked a bearish tone. With USD fed chair Janet Yellen speaking yesterday this gave the USD the upperhand over the pound. I believe that the GBP/USD will go short until it hits the support in around 1.22534
which will be a perfect time to go long and could potentially hit the resistance at 1.27058 which it has tested a few times
which will be a perfect time to go long and could potentially hit the resistance at 1.27058 which it has tested a few times