GBPUSD - A false breakdown can become a technical driverGreat British Pound vs. US DollarFX:GBPUSDRLindaGBPUSD is testing the lower boundary of the range at 1.3160. A false breakdown of this level could trigger a corrective move higher The U.S. dollar remains strong, but after a significant rally it has temporarily paused and may enter a correction phase, which could provide support for the British pound. Within the broader medium-term decline, the pair is testing a key daily support level. A long squeeze and consolidation above 1.3159 could create the potential for further upside. The areas of interest for market makers are 1.3305–1.3380 Support levels: 1.3160 Resistance levels: 1.3305, 1.3380, 1.3433 Historically, some of the strongest moves begin after false breakouts. Technically, if bulls manage to hold the price above 1.3160, it could become a catalyst for a potential move higher Best regards, R. Linda