From the level of 1.36626 (+/-), the currency pair GBP/USD has formed a downward correction channel. At this stage, the GBP/USD pair is moving from the upper boundary of the channel towards the lower boundary, and in the perspective of GBP/USD, one can expect a pullback to the MA 600 line (1.30829) and below, at the point of intersection of the lower channel boundary with the Andrews' pitchfork median (1.29670). The decline of the pound against the dollar may continue to the level of the MA 977 line (1.27560).
