Yesterday the GBP/USD pair traded lower and closed the day in the red zone near the price of 1.2610. Today the pair also fell a little, dropping to 1.2565. On the hourly chart, the GBP/USD is still trading below the MA (200) H1 (1.2720) moving average line. The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: 1.2605, 1.2660, 1.2725-30
Support levels are at: 1.2555, 1.2530, 1.2485
Probably, the main scenario is the resumption of falling towards 1.2555 (the low of the American session on Jun 13).
The alternative scenario is a final consolidation above the MA 200 H1 level, followed by a rise to 1.2800 (Aug 22 high).
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