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GBPUSD Intraday: M-phone formation ? Selling rallies 1,25 target

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis GBPUSD cabel BOE fed Forex fxtrading
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beyondta gbpusd cabel boe fed forex fxtrading
Hi Traders,
with the break of 1,2640 to the downside looks like pound may get back to the reality

If the megaphone formation on the chart is correct, we may see retest of the mid line before move lower...

selling rallies towards 1,2660/80,
stop above 1,2715
first target around 1,25

Good Luck
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