Main Scenario: As long as GBPUSD stays below 1.2896, the main trend will be still downwards on h4 chart. Then the pair may go down to 1.2722 price level
Target Expectation: 1.2758- 1.2722
Considerations Supporting The Scenario: Sterling touched a one-week low on Monday as headwinds in the banking sector dented investors’ risk appetite, while rising COVID-19 cases prompted Britain to consider a second national lockdown.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2896
Alternative Target Expectation: 1.2955