The British Pound Index is trading lower on the downtrend on a weekly basis that started in the lineup since 2014
At the end of August 2019, the price bounced in a correction trip from 119.9 level until it met the downtrend in December 2019 at 135.00
From then the price pulls in to the negativity with the passage of time until the view has become negative now for the British pound as long as it is below the downtrend on the weekly frame.
We expect the Pound index to drop to 123.2 - 119.9, including buying levels
It is recommended that the GBP sell the Pound below the downtrend while keeping the stop loss 136.6
