Barclays is bearish on GBP/USD.

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The technical strategy team at Barclays Capital provided technical setups for major currency pairs.

The analysts are bearish on GBP/USD currency pair. “We look for a break below our initial downside targets near 1.4050 to confirm downside traction towards support near 1.3980 and then our next targets in the 1.3835 area, the year-to-date lows” written in the report.

As of 3:30 PM EDT the pair was trading at 1.4254, which is 0.91% higher than the previous close.

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