Technical analysis
The RSI is under line 50, together with the MACD, indicating that the downtrend may prevail
The Ichimoku indicator shows that the price is under the Tenkan-sen line and the Kijun-sen, signifying selling pressure.
What the possible outcomes are
In our most likely scenario, GBPUSD may experience a downward correction towards the first support level of 1.36607. If the pair falls below the first support level, we can expect a continued downtrend towards the second support level of 1.36348, with a continued downtrend towards 1.36108.
Alternatively, the GBPUSD pair may rise towards the first resistance level of 1.37151. If the pair manages to surpass the first resistance level, we should expect a continued surge towards the resistance level of 1.37543.
Key levels
Support 1.36108 1.36348 1.36607
Resistance 1.37151 1.37543 1.37750
