Looking at GBP/USD chart, we can see its gradual fall from the 1.36 level, where it held firmly up until the early hour of Feb. 22 when it experienced a retraction and the breakdown from the 1.34 level, down to 1.30 where it managed to form temporary support.
It was last found trading at the 1.31 range having the closest overhead resistance at the 1.34 range. Today we can expect a pattern continuation and move towards the 1.30 temporary support. However, if it manages to hold on to the current level, we could expect a move towards the 1.34 range.
