Pattern wise GBP USD is turning towards its 1.22 support level . 1.25 proved to be a stiff support but touching it twice and not being able to hike back to top is showing big resistance in the middle of the channel. breaking 1.25 will result in a big drop. for now GBP USD seeking support at 1.25 level. closing strong above the descending trend could strengthen the pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.