FXstreet.com (Barcelona) - The British Pound has dropped today against the Dollar, the ActionForex Technical Team affirms that recovery from 1.4469 has completed: GBP/USD's sharp fall today is consistent with the view that recovery from 1.4469 has completed at 1.4980 already. Break of 1.4669 will bring fall to 1.4350 low first.

From nw on, the ActionForex Technical team advances the following scenarios: Break of 1.4350 low will confirm that medium term down trend has resumed. However, above 1.4980 will argue that more sideway trading could be seen in mentioned range of 1.4350/5722 before resuming medium term down trend.