Opinion on the GBP/USD pair

During today’s trades, the British pound declined against the US dollar, which was caused by technical factors and profit taking on long positions of the pound. Also, this decrease was facilitated by some strengthening of the US currency due to the extension of the interim financing of the US government until February 8, 2018.

Technical analysis: The GBP/USD pair maintains an uptrend in the short term. The main support levels at the moment are 1,3905, 1,3870. The main resistance levels are 1.4000, 1.4030. It should be noted that from the level of 1.4000 on the chart of H1, a “double top” can be formed. In this case the price can easily fall to the area of ​​1.3870-1.3845.

Fig. GBP/USD. Current price – $ 1.3961

Alexander Sivtsov