By the middle of Thursday GBP/USD had booked a new low level.
On Wednesday, the GBP/USD was trading near the 1.3010 mark, from which it might surge up to 1.3040 or fall down to 1.2950.
The target that was set on last Thursday, was passed on Tuesday.
The GBP/USD has passed the support of a dominant pattern near the 1.3120 level.
The large scale situation has not changed due to the US rate hike.
The GBP/USD has shown a new large scale ascending pattern.
The GBP/USD has continued to attempt to pass various resistance levels in the aftermath of the fundamental fall that occurred on Friday.
As the EU declined UK's Brexit offers, the GBP/USD dropped like a rock.
The GBP/USD currency exchange rate had reached the targeted resistance of 1.3290 earlier than initially forecast.
On Thursday morning the release of the UK Retail Sales disapointed.
On Wednesday morning, the GBP/USD jumped 40 pips.
The surge of the GBP/USD reached above the 1.3160 level, breaking a long term pattern's resistance line.
The GBP/USD should surge, as it found support in a junior ascending pattern.
The Bank of England announcement did not cause much volatility.
The GBP/USD is waiting for the Bank of England announcement at 11:00 GMT.
On Wednesday, the GBP/USD traded near previous trading day's session, but was set to be pushed higher by SMAs into a resistance level at the 1.3040 mark.
The GBP/USD took the expected 100 pips with ease on Monday and even pierced the resistance levels, which were expected to stop it.
On Monday, the GBP/USD was positioned to surge almost 100 base points, as it faced no technical resistance.
After trading almost sideways for the past 24 hours, a surge began on the GBP/USD charts.
Due to a fundamental event the GBP/USD has jumped.
As the Services PMI data was released, the GBP/USD did not stop its decline.
The GBP/USD has passed support at 1.2850 and will go down to the next support level.
GBP/USD began the week with a decline, which is set to continue.
On Friday the Pound was retreating against the US Dollar.