GBPUSD - The hunt for liquidity before the trend continues
FX:GBPUSD entered a local correction phase amid a pullback in the dollar after a strong rally. The main trend is bearish, and growth after the correction may continue.
A correction has been forming since the opening of the session. The dollar is recovering slightly, while the pound is correcting towards the daily level of 1.377 and the Fibonacci area of 0.5-0.6. If the bulls hold back the correction, the market may return to the trend.
The main/medium-term trend is bullish. The correction and false breakout of support may shift the imbalance of forces towards buyers, which could trigger growth from strong levels.
Resistance levels: 1.3831, 1.38688
Support levels: 1.377, 1.3748
A false breakdown of support and the upward trend line could trigger growth within the main trend
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