GBPUSD looks negative in the near-term, while in the medium-term the picture is seen bearish unless the price breaks above the descending channel, Pound under pressure because of uncertainty in the market of NEW PM. Once new PM-elect market could relife near term uncertainty and short term GBP bullish but coming months bearish due to Brexit.
Price Holding Multi-month support level 1.2380 where price bounce many time. Below 1.2375 open doors towards 1.2310 and 1.2240 follow. Above 1.2610 prices could go high next key resistance 1.2740.
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