Price has been bouncing inside a descending channel for a while now and has recently rejected the demand area @ 1.32236. I expect price to breakout and retest channel leading to the beginning of an uptrend.
N.B: Also looking at the currency meter now, it is pretty obvious that GBP is seriously gaining strength as against USD that's doing the complete opposite.
bearishchanelDescending ChannelSupply and DemandTrend AnalysisTrend Lines

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