GBP/USD: bears extract everything from the Wedge
The price faced a support at 1.4458, so bulls are trying to show us a local correction. However, the market is likely going to decline towards a support at 1.4343 – 1.4305 subsequently. If a pullback from this area happens, there’ll be a chance for an upward movement.
As we can see on the one-hour chart, there’s a flat in progress under the Moving Average lines. The pair is probably going to reach a support at 1.4343 in the short term.