GBP/USD is trading higher, nearing hourly resistance at 1.4151 (05/02/2018 high) and reinforcing current bullish pattern. Hourly support remains at 1.3765 (09/02/2018 low). The technical structure suggests short-term increase.
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).
