GBP/USD looks to retreat
The pair has faltered at $1.4380, as it did over the previous two days. It now looks like we may see a retreat to the rising trendline, around $1.4250.
Some support is possible at $1.4330, and if bulls can hold this line we would look to $1.4450 and yesterday’s high as a first target. A more sustained dip would take the pair down to the lows of the past two weeks, around $1.4050.