GBP/USD: two "Pennants" in a row
The last upward trend has been broken, so the price is likely going to reach the nearest support at the downtrend line. If a pullback from this area happens, there’ll be an opportunity to have a bullish correction towards a resistance at 1.2795.
We’ve got a “Pennant” pattern, so bears are likely going to get a support on the channel’s lower side. At the same time, if we see a pullback from here, bulls will probably try to approach the nearest resistance at 1.2773 – 1.2795.