GBP/USD losses have stalled ahead of the 1.2627 Fibo

1.2627 Fibo is a 76.4% retrace of 1.2308-1.3144 (May-July) rise

Daily cloud will likely limit recovery attempts in early September

Daily cloud currently spans the 1.2726-1.2919 region

Fourteen-day momentum remains negative, reinforcing the bear market

We are looking to get short at 1.2670, ahead of the tenkan line at 1.2674

GBP/USD Trader TGM2338. Previous upside nL1N3AA0FJ