Good morning! It seems that the GBPUSD pair has paused below the current resistance level at a price of 1.25229 and is starting to suggest that a downward movement may now become a priority rather than a buying opportunity. Today, I anticipate a price decrease, which in my opinion could be deeper than expected yesterday. There is a possibility of breaking through the previously identified trendline and dropping to the lowest support level at a price of 1.23955. This way, the pair will work through the previous support levels at prices of 1.24680-1.24511 and 1.24327, after which it may gradually start to turn upwards again. GBPUSD
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