PoundDollar is in a downtrend. Last week, a local minimum was formed at around 1.300. By the end of the week, the price began to turn around after a shallow pullback and return to test the support level of 1.300.
The picture is that the positions of buyers are weakening and a major player has appeared against the background of the seller,
which pushes the price down.
I assume a breakdown of support at 1.3000 and a decline in the rate to a strong level formed earlier - 1.2916
Sincerely, R. Linda!