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GBP/USD has been experiencing a continued downward movement, reaching as low as 1.2456.

As long as the price remains below the falling trend line on the 4-hour chart, it is likely that the downside momentum will continue. The next potential target for GBP/USD could be around the 1.2380 area.

On the upside, a breakout above the falling trend line could indicate a potential reversal in the current downtrend. In such a scenario, the price could move towards the 1.2590 level. A further break above this level might trigger additional upside momentum, potentially leading GBP/USD towards the 1.2817 resistance level.

To make informed trading decisions, it is important to keep a close eye on the price action in GBP/USD. Monitor the position relative to the falling trend line, the potential target area around 1.2380, and the critical levels of 1.2590 and 1.2817. These levels will provide key insights into the potential continuation or reversal of the GBP/USD trend.

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