Forecast on the the GBP / USD currency pair

Today we will take a look at the GBP / USD currency pair. The currency pair is still holding above the technical support area 1.2160-1.2165 and each recent high is lower than the previous one, which indicates a lack of buying interest. As a result, the risk of breaking through the current support level remains increased.

Trading outlook:
The main scenario.
The breakdown of the support level 1.2160 can trigger a selloff, paving the way for the target level of 1.2080. The immediate target for sellers will be the 1.2110 mark.
Cancellation of the main scenario will happen if the currency pair returns above 1.2190-1.2200 but after this level we may once again see a lack of buying interest
I would like to draw your attention to the fact that today is a day off in Britain and the USA, so the volatility of trading in this currency pair may remain moderate.
The above review is not a direct guide to action, but carries an exclusively recommendatory nature.