Introduction: The British Pound Sterling (GBP) against the United States Dollar (USD) currency pair, or GBP/USD, is approaching a crucial technical support level that could determine the trend for several months. This article provides an analysis of factors affecting the GBP/USD price and potential outcomes of approaching support level. GBP/USD.

The GBP/USD currency pair has recently seen a rapid downfall, raising questions over its four-month-old positive trend. Despite the recent downturn, the bullish pattern remains intact as the bears have not been able to chart a new lower low below January’s trough of 1.1840. The flattening 200-day simple moving average.