FX.co ★ GBP/USD Vulnerable To Drop Deeper!

GBP/USD is trading lower, having failed to come back to test and retest the downtrend line. It is now approaching the 1.3752 former low which represents a downside obstacle, support.

The pair could resume its decline as long as it stays under the downtrend line and if it drops below the immediate low, former low.

Trading Conclusion!

Dropping and staying under 1.3752 support indicates a potential decline towards 1.3700 psychological level.