The British pound has experienced a decline in value after facing selling pressure around the resistance level of 1.2600. The cable has been decreasing as market sentiment shifted towards a bearish outlook. A break below the September 1st low of 1.2577 would result in a breakdown of the Inside Candlestick pattern. The 20 and 50-day Exponential Moving Averages (EMAs) have shown a crossover in the downward trend. The asset is gradually declining towards the 200-day EMA, trading below the level of 1.2500.
