The short-term trend of the pound is bearish

The GBPUSD continues to decline and the British pound is short against the US dollar. A 100% Fibonacci rating of 1,2655 is the next target of the market.

In the eyes of buyers, if the resistance of 1,2861 is broken, the GBPUSD market will be neutralized (range).

* Technical H4 analysis of GBPUSD

* Technical daily analysis of GBPUSD