GBPUSD Carves Bearish Signal Above Key Level

After bouncing from the 1.2980 key level earlier this week, the GBPUSD is carving a potential bearish engulfing candle today.

I say potential as today’s session isn’t over yet.

We’ll have to wait and see what happens next week, but a daily close below the 1.2980 area could send the pair lower.

Key support levels below that include 1.2770 and 1.2570.