DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

DAILY GBP/USD

Support & Resistance: R1: 1.347
From the daily chart, it has broken the support level of the sideways market, which indicates that the downtrend continuation. Trader can trade short position with small lot size and average down the price by trading short position when the price rise to the resistance level.