The GBP/USD pair is showing bearish pressure after rejecting the resistance level at 1.2300. The formation of lower highs and the break below the 1.2200 support level indicate potential continuation of the downtrend.

🔹 Technical Analysis:
The 1.26000 level is acting as a strong resistance zone.
The RSI indicator is below 50, supporting bearish momentum.


🔹 Key Notes:

Ensure proper risk management with a risk-to-reward ratio of at least 1:2.
Watch for key economic events related to GBP and USD that could impact this pair.
This idea is for educational purposes only, and trading decisions are the responsibility of the trader.
Chart PatternsTechnical IndicatorsTrend Analysis

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