GBP/USD: local downtrend line broken
Read the article on FBS website
The local downtrend line has been broken. In this case, the pair is likely going to achieve the nearest resistance at 1.3612 - 1.3656, which could be a departure point for a downward price movement in the direction of the closest support at 1.3493 - 1.3457.
The 55 Moving Average has acted as resistance, so there's a local 'V-Top' pattern. Despite that, if we have a pullback from the next support at 3498 - 1.3493 in the coming hours, there'll be a green light for a bullish rally.