The Pound Sterling edged lower by 45 pips or 0.32% against the US Dollar on Monday. The GBP/USD currency pair tested the weekly S1 at 1.3838 on Tuesday morning.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge lower during the following trading session.
However, the weekly support level at 1.3838 could still provide support for the currency exchange rate within this session.
