GBP/USD is trading lower following recent rise at 1.3773, heading along the 1.3745 range. The pair is currently trading at March low. Hourly support and resistance are given at 1.3712 (01/30/2018 low) and 1.4097 (29/01/2018 high). The technical structure suggests further shortterm decrease.
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).