Pivot point: 1.3770.
The expected scenario: Entering short deals at the lowest levels of 1.3770, targeting the levels of 1.3690.
Alternative scenario: Entering long positions at the highest levels of 1.3770, targeting the 1.3900 levels.
Commentary: The GBP/USD pair is still in a general bullish trend in the short term, through the ascending price channel, which we witnessed during the current week's trading, a correction wave to bring the price down From the 1.3900 levels, and it is approaching the 1.3770 levels, which constitute a support level represented by the general bullish trend line, and in light of the price breaking the moving averages (100 - 50) with the intersection of the 50 average below the 100 average, in addition to the presence of a negative deviation flow indicator Liquidity, which supports the negative outlook for the GBP/USD pair trading in the short term, and waiting for more declines during the current and next week.
