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The price slipped from the local maximum to the previously formed local minimum. This is where the exploits of the dollar end for now. There is a feeling that the expected continuation of the pair's decline with the renewal of historical lows will be postponed indefinitely.
The price will begin to grow, forming a corrective flat in a gradually emerging range. In this situation, no active trading actions are recommended yet. It is worth selling after fixing the price below 1.0110.
Next forecast
04 August, 2022 09:31
GBP/USD Forecast. Correction development is expected to continue →For the pair under consideration, the situation remains within the expected range.