GBPUSD short view

Looking at the chart on the daily time frame, we see that the Pound is in a pullback against the dollar. We can say that the pair has encountered resistance in moving averages so far in the zone around 1.38000. We are currently at 1.37200, and based on the current situation, we can conclude that the pair will probably continue to consolidate in the zone 1.36000-1.38000. We can expect the bullish trend to continue if the pound strengthens and breaks above moving averages with appropriate bullish consolidation.