GBP/USD is bouncing off from 1.3993 low, heading along the 1.4030 range. The pair is currently trading at mid-March high. Hourly support and resistance are given at 1.3905 (23/02/2018 low) and 1.4377 (17/04/2018 high). 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).
