GBP/USD: bears can't stop
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Bulls found a resistance at 1.2522, so bears are likely going to reach the 89 Moving Average. If a pullback from this line be on the table, there’ll be an opportunity to have an upward price movement in the direction of a resistance at 1.2477 – 1.2506.
We’ve got a developing “Double Top”, so the market is likely going to decline towards a support at 1.2411 – 1.2382. Meanwhile, if a pullback from this area happens, bulls will probably try to test the 34 Moving Average.