Yesterday, the GBP/USD exchange rate failed to exceed the psychological level at 1.3380.
It is likely that the currency pair could be pushed down by the weekly R1 and the 55-hour SMA near 1.3345. In this case the pair could face the support formed by the 200-hour SMA and the weekly PP in the 1.3260 area.
Meanwhile, note that the exchange rate could gain support from the 100-hour SMA near 1.3300. Thus, a reversal north could occur, and the rate could try to exceed the weekly R2 at 1.3402.
