Yesterday, the GBP/USD currency pair stepped lower to the psychological level at the 1.3060 mark.
From a technical perspective, it is unlikely, that the pair could resume rising due to the resistance cluster formed by a combination of the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3071/1.3087 range.
It is likely, that the exchange rate continues trading down and surpasses the psychological level at the 1.3040 mark.
However, if the given resistance does not hold, the rate could reach the upper boundary of the falling wedge pattern located circa 1.3100.
