The key level forced gbp/usd to retreat

GBP USD Talks August 02

After a short-term rally, the Pound Dollar got into a situation where the pressure of the resistance level forced to retreat. MACD crossed the signal line downwards and the price fell impulsively under the influence of the 1.4000 area, which was also shown by the RSI, after the price was in the zone above 70.
The probability of an attempt to fall past the EMA levels, which are now in the 25-point zone of 1.3836-1.3861, is very high. If there is no fall below these levels, then consolidation will begin, followed by an impulse.