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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: technical analysis

Sergey Logachev

GBP/USD: technical analysis

The GBP/USD pair has broken the upward trend. The price started a flat correction from the support line 1.4229. It's likely that the upward movement will go higher to a resistance area between the levels 1.4346 - 1.4408. At the same time, there’s a possibility that bears are going to come back to the market afterwards.

GBP/USD: technical analysis

We’ve got the differently directed movement in a range between a resistance at 1.4346 and a support at 1.4229. It’s likely to see the market falling down towards a support area between the levels 1.4275 - 1.4229 in the short term. If the price starts rising from these levels, then it's likely that the pair will test a resistance area between the levels 1.4346 - 1.4378.

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