The GBPUSD pair recently broke through the significant support level at 1.2500, suggesting a strong likelihood of further declines. With the Stochastic indicator displaying overbought conditions, there is a potential for a short-term correction or additional downside. Although prices briefly increased, this indicator signals that the bullish momentum may be diminishing.
In line with the analysis of the hourly chart above, the 15-minute chart suggests that GBPUSD is also poised for a decline as the price is situated within a bearish trendline. The CCI indicator is currently in the overbought zone, indicating a possible momentum shift towards further declines. GBPUSD could potentially drop to the support level of 1.23360.
技术参考： 卖 while below 1.24480
Potential Stop Loss 1: 1.24480
Potential Stop Loss 2: 1.24660
Potential Take Profit 1: 1.23560
Potential Take Profit 2: 1.23360
