The GBP/USD pair tried to overcome the resistance level of 1.3266 on Wednesday, November 11, but it eventually failed to do so. Thus, a correction began with the nearest target, the Kijun-sen line, which was successfully worked out by the end of the trading day. And so the upward trend persists, since the price is above the critical line and the trend line. Bears are still rather weak, while bulls continue to dominate the market. The downward correction may even reach the trendline target if the price manages to overcome the Kijun-sen line. And even in this case, the upward trend will remain present. However, take note that the outlook for the pound remains extremely dim. It is even difficult to say what exactly pushed the pound to rise over the past few days, given that, for example, the euro/dollar pair was mainly falling. Yes, the fact that the House of Lords of the British Parliament rejected the Johnson Bill could have provided support to the pound. However, this is rather normal news for the pound, and not a reason to be happy. On the contrary, the pound should have declined on fears of the adoption of this scandalous bill. In general, there are still a lot of questions about strengthening the pound.

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