🇬🇧 GBPUSD 🇺🇸 - Sellers' liquidation before further decline

GBPUSD is preparing to test the support. The price has been forming consolidation since the opening of the session. Most likely, local resistance may be tested with the aim of liquidating sellers with further decline to the potential target of 1.28.

Reasons for further decline:

1) Dollar rises on news, this is negative for GBP
2) False breakdown of 1.28 forms a potential for a decline
3) The target is the accumulation of orders below 1.25.
4) Neutral trend, range. Resistance is tested, target is support

Transaction en cours