GBP/USD: bears are in the game again
The last bullish rally has been stopped by a “Rising Wedge” pattern, so bears returned into the market. The price faced a support at 1.4458 afterwards, but it’s likely that the pair is going to reach the next support at 1.4423 in the short term. If so, there’ll be a chance to see an upward correction.
The price has found a support at 1.4472, so we’ve got a local rise in progress. Therefore, if bulls successfully gets a resistance at 1.4573 and we see a pullback from this level subsequently, a decline towards a support at 1.4402 is going to be on the table.