GBP/USD: bears took full advantage of the "Wedge"
The price has faced a resistance at 1.4797, which led to the current decline. Moreover, we’ve got a “Wedge” pattern, so there’s an open door for a downward correction. Therefore, the market is likely going to reach a support at 1.4473 – 1.4458. If a pullback from this area happens, there’ll be an opportunity to see a rise towards a resistance at 1.4667 – 1.4692.
The market has been falling down since a resistance at 1.4738 was achieved. Finally, bears faced a support at 1.4538, so there’s a chance for bulls to deliver an upward correction. Anyway, the market is likely going to reach a support at 1.4513 – 1.4473 afterwards.