GBP possibly weakening

GBPUSD has 6 trading days been unable to break free of the channel it has found itself in. The support at 1.2780 is supporting the price but 1.29 looks out of reach from these levels. With RSI declining and H4 TDI very BEARISH, we could be about to see the BULLS give ground to the BEARS.

Adding to the possibly BEARISH picture is the downward channel edge that price is struggling to break clear from.

We will be looking to SELL this market under 1.2780.