GBP/USD is trading lower but appears to head back towards 1.42. The technical structure indicates weakness. Hourly support is given at 1.3916 (23/01/2018 low).
The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is now moving up to 2016 highs. A long-term support given at 1.1841 (07/10/2017 low) and a strong resistance at 1.5018 (24/06/2016 high) are identified.