GBP/USD is preparing to accelerate the decline

Pair GBP/USD, on the overall growth of the US dollar, broke through the trend line of the rising channel, were it movet for the last two months. The consolidation of this pair below level 1.4000 indicates the possibility of a stronger decline to the support levels: 1.3900-1.3880 and 1.3860-30. To do this, the GBP/USD pair needs to unload the oversold indicators, which in the end may result in the formation of a flat or a test of resistance levels of 1.4000 and 1.4050.

Fig.GBP/USD D. Current price – 1.3950.

Hanzenko Anton