GBP/USD is bearish pressure pushed the pair at the range of 1.40. The technical structure suggests further potential downside move. Hourly support at 1.3916 (23/01/2018 low) is approaching.
The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is now moving up to 2016 highs. A long-term support given at 1.1841 (07/10/2017 low) and a strong resistance at 1.5018 (24/06/2016 high) are identified.