GBPUSD likely remains to be seen to downward to visit the 1.2700-1.2600 the estimated lower ceiling, subject to however, the final measured average rate with major pairs of the USD Currency Band's Currency Pairs (NZDUSD, AUDUSD, USDCAD, GBPUSD, EURUSD, USDJPY & USDCHF).
At current market performance, the likely most recommendable is to short the pair from the "interdays high" or "weekly high" to downward of interdays high/low and weekly high/low until the ceiling (estimated 1.2700-1.2600) to be reached. The actual lower ceiling to be assessed and measured in the future based on the performance of collective USD currency band's currency pairs.
Note:
USD currency band's currency pairs are managed by the Fed Res of New York
EUR currency band's currency pairs are managed by the ECB
JPY currency band's currency pairs are managed by the BOJ
GBP currency band's currency pairs are managed by the BOE
CHF currency band's currency pairs are managed by the SNB
At current market performance, the likely most recommendable is to short the pair from the "interdays high" or "weekly high" to downward of interdays high/low and weekly high/low until the ceiling (estimated 1.2700-1.2600) to be reached. The actual lower ceiling to be assessed and measured in the future based on the performance of collective USD currency band's currency pairs.
Note:
USD currency band's currency pairs are managed by the Fed Res of New York
EUR currency band's currency pairs are managed by the ECB
JPY currency band's currency pairs are managed by the BOJ
GBP currency band's currency pairs are managed by the BOE
CHF currency band's currency pairs are managed by the SNB