Contrary to yesterday, today one can observe a pullback in the GBPUSD. The currency pair hit a key resistance zone at $ 1.40, where sellers appeared. Looking at the H4 interval, a bearish engulfing pattern formed, which may indicate a deepening of the correction. If the south direction is maintained, the zone at 1.3915 should be treated as the nearest major support. Green area is marked with a lower limit of the 1: 1 structure and the earlier local highs. Should break lower occur, the next support is located at 1.3800.
GBPUSD H4 interval. Source: xStation5
