GBP/USD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 15 days.

A potential bearish movement on GBP/USD
A Channel Down pattern was identified on GBP/USD at 1.25485, creating an expectation that it may move to the support line at 1.2423. It may break through that line and continue the bearish trend or it may reverse from that line.

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