The GBP/USD Has Recovered Slightly After Sharp Fall

Trading in the pair is still neutral, despite sharp fall from 1.3267. Pivot points are at: (S1) 1.3076; (P) 1.3172; (R1) 1.3231.

Price moves in the pair from 1.1946 are corrective. Top can be formed in the pair around key resistance 1.3444. Overcoming of 1.3096 level will point out trend reversal.

Price moves from a price actions from a medium term minimum 1.1946 are corrective. Resumption of a downtrend from 1.7190 is awaited after completion of a correction. Overcoming of 1.2588 will point out resumption of a downtrend.