Weekly technical analysis of gbpUSD

Pound against the dollar is going inside a declining channel, we expect the correction to the upper limit of the channel and then drop again to target the lower bound of the channel. The pair this week is for sale only, and selling can also be boosted by breaking the level of 1.2800, targeting 1.2200 directly

In general, any rise for the husband is a good opportunity to sell from better prices, provided that it is inside the falling channel and not break it up. We look at the confidence index on the site to determine the currency strength of the pair in its time, as it can also be considered for the index of speculative position and strength of the currency

The pound is bearish as long as prices are kept inside the channel on the H4 frame