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05.08.2026 10:13 AM
On the hourly chart, the GBP/USD pair reversed in favor of the pound on Tuesday and returned to the resistance level of 1.3454–1.3458. Today, the pair has every chance of consolidating above this zone, which would allow traders to expect further growth toward the next resistance level of 1.3526–1.3557. A rebound from the 1.3454–1.3458 level would favor the U.S. dollar and the resumption of the decline toward the 38.2% Fibonacci retracement level at 1.3397. The wave picture remains bearish,
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