Can the pound return to the resistance of 1.29990?

GBPUSD is above 1,2410 and the short-term trend of the British pound against the US dollar is suffering.

The market is expected to be limited by the resistance of 1,2999.

According to sellers, if the pair crosses below 1.2410, the British pound will reach 161.8% Fibonacci at 1.2258.


* Technical H4 analysis of GBPUSD


* Technical daily analysis of GBPUSD