GBP/USD has pushed above rising trend-line resistance, confirming an improving short-term technical structure. Strong support is given at 1.3023 (06/09/2017 low). Expected to show shortterm bullish pressures.
The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support can be found at 1.1841 (07/10/2017 low). Long-term resistance is given around 1.35 and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.
