On H1 chart, 1.7120, the upper trend-line resistance of a descending channel formation, now seems to provide immediate resistance for GBPUSD.
Expecting GBPUSD to reverse from this immediate resistance and drop back to 1.7070-60 support area, also coinciding with the lower trend-line support of the short-term descending channel. The pair might then continue weakening towards 1.7000 round figure mark.
Expecting GBPUSD to reverse from this immediate resistance and drop back to 1.7070-60 support area, also coinciding with the lower trend-line support of the short-term descending channel. The pair might then continue weakening towards 1.7000 round figure mark.