GBPUSD narrowing down in the corner
The parity price is wavering around the long-term diagonal resistance and the lower band of the 10-days rising channel formation. Once the price reaches the corner made by these two lines, we may expect a breakout. In the event of a downward breakout, 1.2600, 1.2530 and 1.2480 will be watched. If the price pierces through the resistance, 1.2700 and then the upper band of the channel (blue) will be on the radar.