The currency pair corrected last week and tested the support at 1,2677. GBP/USD reacted on hints from the FOMC on refusing the aggressive easing.

British Pound has got some support from the Brexit delaying. This is a favorable factor for the short-term economic data. We recommend paying attention to the situation close to 1,2677 support level. In case of a reversal signal, there will be an opportunity to open a long position. There is a reverse hammer signal currently, but we do not recommend using it to open positions.