The Pound tries to recover after a fall on Tuesday.
The Pound still pressured lower by the 55-hour SMA.
Bullish sentiment should prevail today; however, gains should not surpass the 1.3380 mark.
The Sterling moves along the 55-hour SMA for the second consecutive session.
Strong resistance cluster that could restrict the Pound's appreciation is located at 1.3415.
The Sterling returns to its six-month low of 1.34.
The Sterling's appreciation is restricted by the 55- and 100-hour SMAs ear 1.3470.
Downside potential is still apparent until 1.34.
The bearish sentiment is likely to dominate the Sterling today.
The Sterling remains near all three moving averages.
The pair's movement today is dependent on its ability to breach the strong resistance cluster at 1.3545.
The pair's movement today is dependent on its ability to breach the strong resistance cluster at 1.3555.
The following hours are likely to demonstrate which direction is to prevail in this session.
Given the strong resistance of the 200-hour SMA, the Sterling should not exceed the 1.3580 mark today .
Fundamental events should guide the GBP/USD exchange rate today.
The Pound fails to overcome the 100-hour SMA once again.
The 100-hour SMA could pressure the rate lower today.
The Pound continued to decline on Friday against the US Dollar, as the rate reached new low levels.
GBP/USD was located near the senior channel early on Thursday with slight upside potential.
GBP/USD was located near the senior channel early on Wednesday.
The Pound remained stable against the Greenback on Tuesday morning; upward momentum is expected today.
Bulls are likely to dominate the pair in this session following the massive plunge mid-Friday.
GBP/USD is likely to be guided by fundamentals in this session.
The Sterling is likely to decline today due to a strong resistance cluster at 1.3970.