GBP/USD is decreasing after reaching 1.3399, approaching 1.3295. The pair is trading at endNovember 2017 range. The short-term bearish trend started in mid-April 2018 is maintained. Key support and resistance are given at 1.3062 (13/11/2017 low) and 1.3613 (03/01/2018 low). The technical structure suggests short-term downward moves.
The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is moving to 2016 highs. Long-term support and resistance are given at 1.1841 (07/10/2017 low) and 1.5018 (24/06/2016 high).