Hello dear friends! GBPUSD, despite being at a high level, is showing a gradual decrease in price and is being replaced by a downwards trend, as confirmed by the continuous formation of lower highs. The US Dollar continues to be seen as a safe haven and is putting pressure on this currency pair, making it difficult for them to find upward momentum.
If the current support level at 1.261 is broken, there is a high possibility that the price will quickly drop to the lower range of 1.253, possibly even as low as 1.247.
What are your thoughts on this currency pair?