The pair has been declining since the last ‘Double Top’ pattern formed. The main intraday target is the next support at 1.2910 – 1.2854. If a pullback from this area happens next, there’ll be a moment for an upward correction towards the nearest resistance at 1.2946 – 1.2957.
The last ‘Flag’ pushed the pair lower. Also, there’s a finished ‘Pennant’ pattern, so we should watch the closest support at 1.2889 – 1.2854 as a possible departure point for an upward correction.
GBP/USD H4
GBP/USD H1
