The GBPUSD is currently in a bullish trend, characterized by higher highs and higher lows. However, the price action has developed a bearish divergence alongside a rising wedge pattern, indicating a potential bearish reversal. A critical level to watch is 1.26864, the previous higher low; a break below this point would signal bearish control, with an expected decline of 0.93%. The recommended strategy is to sell if the price breaks below this level, setting a stop loss at the previous higher high to manage risk.
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Pattern invalidated. Re-evaluating.