4-hour timeframe

Technical data:

Senior channel linear regression: direction - up.

Junior channel linear regression: direction - laterally.

Moving average (20; smoothed) - down.

CCI: -103.4856

Explanation:

The nearest support levels:

S1 - 1,2878

S2 - 1,2817

S3 - 1,2756

The nearest resistance levels:

R1 - 1,2939

R2 - 1,3000

R3 - 1,3062

Trading recommendations:

Based on the analysis of the GBP / USD pair, we can conclude that it is now recommended to consider short positions with targets of 1.2878 and 1.2817.

Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.

Explanation of illustration:

Senior channel linear regression - blue lines unidirectional movement.

Junior channel linear regression - purple line unidirectional movement.

CCI - blue line in the indicator window.

Moving average (20; smoothed) - blue line on the chart.

Murray levels - multicolored horizontal stripes.