Main Scenario: As long as GBPUSD stays below 1.3840, the main trend will be downwards. Then the pair may go down to to 1.3624 price level
Target Expectation: 1.3624
Considerations Supporting The Scenario:
The greenback has eased back along with U.S. yields this month after surging to multi-month peaks on expectations that massive fiscal stimulus coupled with continued monetary easing will spur faster U.S. economic growth and higher inflation.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.3840
Alternative Target Expectation: 1.40