GBPUSD: One More Bearish Setup For TodayI noticed another bearish signal on the GBPUSD chart. The price was respecting a rising trend line until it hit a significant horizontal resistance level.
This led to a bearish breakout and the support of the flag pattern was breached. As a result, the pair is likely to decline further.
The target levels to watch for are 1.2685 and 1.2648.