FX.co ★ GBP/USD analysis for November 21, 2018

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2776. According to the H1 time – frame, I found a potential end of the upward correction in the background (expanded flat), which is a sign that buying looks risky. Most recently, I have found the breakout of the intraday bearish flag, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2722.