GBPUSD long view

Looking at the chart on the daily time frame, we see that the pair is still moving sideways in consolidation around the 200-day moving average. Friday was a day with great potential, but at the end of the American session, the dollar strengthened, and the situation turned around and directed the GBPUSD pair to the bearish side. Today, the current consolidation is about 1,38250 and 38.2% Fibonacci levels. For the bearish trend to continue, we need a drop below the minimum below 1.38000 and below the 50-day moving average. We have a smaller jump in the 20-day moving average in the zone of 1,37500. For the bullish option, we need growth above 1,38500, with the next resistance in the area at 0.78% lower Fibonacci level at 1.39000, and our main target is the previous high at 1.40000 at 61.8% higher Fibonacci level. This week is full of a lot of important news for these two currencies, so we can expect bigger oscillations on the chart.