- The pound is correcting down from 17-month highs.
- Support is seen at the 1.3343, 1.3307 and 1.3246 price levels.
GBP/USD daily chart
The market is consolidating after reaching 17-month highs on UK elections last week. The underlying trend remains bullish while above the main daily SMAs.
GBP/USD four-hour chart
GBP/USD 30-minute chart
The spot is drifting below the 50/100 SMAs. Bulls are for the moment on the sideline. Resistance is seen at 1.3413, 1.3430 and at the 1.3424 level, according to the Technical Confluences Indicator.
Additional key levels