Main Scenario: As long as GBPUSD stays below 1.3728, the main trend will be still downwards. Then the pair may go down to to 1.3633 price level
Target Expectation: 1.3633
Considerations Supporting The Scenario:
In addition, concerns about extended economic lockdowns in Europe, disruptions to the distribution of coronavirus vaccinations and potential U.S. tax hikes also weighed on investor sentiment.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.3728
Alternative Target Expectation: 1.3769