GBPUSDBritish Pound/US DollarFX:GBPUSDTilen_FXI am also observing this, so let's just take a look at GU from a technical standpoint. Price is currently trading in the Supply zone around the 1.3500 area. This Supply zone is responsible for the impulsive move to the downside and the break of the important structure to the left. Looking at the current momentum, buyers are clearly struggling to push price higher, but keep in mind that today is also a Bank Holiday, so lower volatility and slower movement are expected. For me, there are two possible scenarios from here and to be honest this looks better then EU. Either break of the supply and continuation Higher or price respecting the supply and drop down.