Looking at GBP/USD chart, we can see the worries of the Ukrainian war and the inflation worries in the US, putting USD in strong demand in the fx market, and therefore the pair GBP/USD keeps falling reaching the lowest rate of the year.
Today, if the rate could not rise above its resistance level at around 1.3130, we could expect a further decline towards its very strong support at around 1.30, where a technical rebound is likely.
