FX.co ★ GBP/USD analysis for December 10, 2018

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2690. According to the M15 time – frame, I found that there is trading below the daily pivot (1.2743) and below the Ichimoku cloud, which is a sign that sellers are in control. I also found that there is a double bottom pattern on the point and figure chart, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2663 and at the price of 1.2620.