gbp.usd 7/10/2019

Corrective bullish rally on the pair against the dollar as we see on the daily chart, the pair is moving inside the bearish channel and
It is only a correction to the general bearish scenario
Therefore, we expect prices to rise to the initial resistance levels of 1.2590 and 1.2790
In case of forming a reversal signal, we expect prices to fall to the daily support level
1.1990 once again unless breached and closed above the weekly bearish channel