There is still a possibility of a bearish GBP

The short-term trend of the British pound against the US dollar is bearish and GBPUSD will reach 161.8% of Fibonacci at 1,2258.

From the buyers’ point of view, if the 1,2602 partial resistance is broken, the GBPUSD market will be neutralized. It is expected that the correction and upward movement of the market by the resistance of 1,2999 will stop and the market will start a new downtrend.

* Technical H4 analysis of GBPUSD

* Technical daily analysis of GBPUSD