GBPUSD is more likely to go down

On the daily chart, GBPUSD is under pressure below the downward trend line. The current market has fallen below the Vegas channel, and the short-term market is expected to continue lower. At present, we can pay attention to the resistance near 1.2520. If the rebound encounters resistance, it is expected to continue downward. At the bottom, we will focus on the resistance near 1.2400. After falling below, the lower support will be around 1.2308.