The GBPUSD pair traded with clear negativity to press on the bullish channel’s support line at 1.2470, and the price is affected by the BOE rate decision to show some volatility, which urges caution from the upcoming trading, as breaking this level will put the price under additional negative pressure that its next target reaches 1.2100
the bullish trend scenario still active conditioned by the price consolidation above 1.2470