FX.co ★ Technical Analysis of Daily Price Movement of GBP/USD Main Currency Pairs, Monday February 05, 2024.

Due to several failures to break above the Resistance level formed by the weekly Bearish Orderblock at level 1.2749, for the next few days the Cable has the potential to weaken down to level 1.2499. If there is no upward correction that breaks the level 1.2749, then GBP/USD will continue its decline until to level 1.2338 as the main target and level 1.2186 as the next target if the momentum and volatility are sufficient.

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