Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.416). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . GBPUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 48.