GBP/USD Forecast. Correction development is expected to continue

For the pair under consideration, the situation remains within the expected range. After rapid growth, there was a rollback and the price stood up, without deciding what to do next. Probably, these torments will continue further, which means that it is hardly worth expecting any directed movement.

At the same time, an insignificant margin of movement in the downward direction remains, but it is too risky to open new sell trades and in the current situation, the best solution would be to remain an outside observer and to secure previously opened sell trades by moving the stop loss order to the breakeven zone.