The GBP/USD fell after the US rate hike, as expected. On Thursday morning the currency rate was at the lower trend line of a dominant ascending pattern.
If the support line at the 1.3110 level gets passed, the rate might fall as low as the 1.3000 level, as below the rate there are no technical support levels.
However, the currency exchange rate might rebound from the support level and one more approach the resistance levels at the 1.3140 mark
