GBPUSD is making a false break of the channel resistance, forming a "head and shoulders" pattern, which can weaken the currency pair.
TA on high timeframe 1) Everything is stable. We have a fairly confident uptrend. 2) The dollar index is strengthening from the beginning of the session
TA on low timeframe: 1) We have a false breakdown against the uptrend. 2) False break-down of the resistance line in the H&S pattern is a quite strong signal, but we have an uptrend, which may contradict this pattern. 3) If the price breaks through 1.25837, it might continue its correction.
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