GBPUSD continues to trade around the support level of 1.255 and moves within a narrowing price range. Any breakouts from the current trend will accelerate the pace of trading for this currency pair.
The main trend is still biased towards a decline, so after breaking out of the current trend, GBPUSD is likely to move towards a lower support level around 1.247.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.