The GBP/USD is bearish. Below 1.3000 there is a potential for 1.2938, followed by 1.2893. Selling the rallies is the option now.
Dear Traders, The GBP/USD has formed a bearish 1-2-3 pattern below 1.3000 and the channel. At this point, we should see a continuation below 1.2984 towards 1.2972 and 1.2938. Only a break of 1.2938 might make the price move towards 1.2893. Only the break of 1.3050 might bring the price in a potential uptrend again.
