GBP/USD’s short-term momentum is still lively. Hourly support and resistance are now given at 1.3451 (23/02/2018 low) and 1.4345 (25/01/2018 high). The technical structure suggests shortterm upward 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).