GBP/USD is looking technically weak now a symmetrical triangle has formed on the charts. As can be seen below, if the pair drops under the triangle’s support line it could fall further to around 1.3530 though it would likely take a few days to do so. That follows a lengthy period of sideways trading in GBP/USD followed by a decline from the June 16 high at 1.4121 to the June 21 low at 1.3786 and then a small recovery.
