Likely outcome of GBPUSD before the end of the year

Looking at the close of last monthly candlestick, you will notice a selling pressure at the close of last month candlestick, watching closely, at the opening of the new month's candlestick you will see that it started with strong selling pressure.

If the sellers successfully push the below the 1.26200 neckline there by forming a M shaped pattern, then I believe the sell-off will continue further through the rest of the year. Happy trading NFA!