GBPUSD continues its selling strategyDear traders!
Conan sees GBP/USD gradually forming an inverted cup and handle pattern. Theoretically, the pair should quickly break the 1.2680 support level and fall further, as the fundamental and technical outlook is negative. Meanwhile, the confluence of the two EMAs around 1.2730 suggests continued weakness in the short term. If the decline continues, the next target is expected to be 1.2644.