GBP/USD: local bearish 'Thorn' pattern
Read the article on FBS website
It seems like there's a developing 'Rising Wedge' pattern. However, the price is likely going to test the nearest support at 1.2606 - 1.2588. If a pullback from this area happens next, bulls will probably try to achieve the next resistance at 1.2695 - 1.2725.
There's a local bearish 'Thorn' pattern, so the market is likely going to reach the closest support at 1.2606 - 1.2588 in the coming hours. The subsequent pullback from these levels could lead to an upward price movement in the direction of another resistance at 1.2695 - 1.2705.