The GBP/USD in a resting zone

The Pound versus the Dollar has been falling lately and even though the bearish trend is still in place, during the last few daily candles we can see that the price has consolidated around the 1.4400 level. It is normal for price to try to rest after the big drop, but the bearish trend is still in place and it may try to continue going lower. To the downside, the 1.4300 level could act as its next support. To the upside, in case the price retraces, the 1.4600 may act as a resistance. The 1.4500 level is too close to the current price level, and that is why that level should not be considered an important resistance area.