GBPUSD

The GBP/USD pair is likely to continue its downtrend as liquidity targets below key levels, like 1.290, become the next potential area of focus. Market makers typically aim to sweep liquidity pockets, and with liquidity above already taken, the move lower is expected to gather momentum. Traders anticipating this may look for signs of price exhaustion near 1.290 to either capitalize on further downside or prepare for a potential reversal.