GBP/USD closed yesterday at 1.3251, confirming an inverse head-and-shoulders breakout on the daily chart. So, further gains toward 1.34-1.35 could be seen in near-term.
As for today, the pair may revisit the former resistance-turned-support of 1.32, as the relative strength index (RSI) on the hourly chart is showing a rising wedge breakdown – a bearish reversal pattern.
Daily chart
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Hourly chart
-636868275837412266.png)
Trend: Bullish, but pullback likely before further gains
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