GBP/USD

The US Dollar’s rebound pushed the cable below 1.38 after UK economy shrank by 9.9%, its largest contraction in record. Moreover, a rebound in the US Treasury bond yields helped revive the USD demand and triggered some profit taking around the pair. A cautious mood around the equity markets, could also benefit the greenback's revival, as the Pound bears target 1.3750. Support: 1.38 / 1.3750

Resistance: 1.3850 / 1.39