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I have been holding a live webinar, and now come back and found this. Dollar appreciate across the board against most rivals except Japanese Yen, triggered by end of month profit taking at least that’s what I read, not feeling comfortable just posting this lines, and for what i can confirm bad data again in Europe and England. Anyway, take a look at this GBP/USD chart i have an old descendant trend line coming form the high at 1.5722 from past December, the pair broke to the upside last week. today, the pair complete a perfect daily pullback to that line, so are we just seeing some correction for further upside rallies in the pair? probably as 4 hours indicators also seem exhausted at this moment and push the pair a bit more to the upside. From actual price, resistances will be at 1.4395 and the tough zone around 1.4440. Clear break of this last is required for further appreciation in the pair. Support in the meantime will be at 1.4310, 1.4260 and under it, bearish continuation gains strength with next support at 1.4224 zone.
