Hi everyone!
From a technical point of view, the trend is bullish on daily and intraday charts, but at the same time, on the weekly chart, trend is still bearish. Having said that, at the moment, a reversal (bearish) pattern has formed, and as long as GBPUSD fails to trigger a new Top, a bearish consolidation is possible in short-medium term. This pattern will weaken on a weekly close above 1.2264.
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PS: I will post my Target later....