GBP/USD hit 1.27115 on D3 Friday, lift stalled near the daily cloud base

The pair then fell sharply due to rising US yields & broad based US$ buying

GBP/USD fell below the 10-DMA & traded below 1.2600 into Europe's close

Daily RSI turned lower which implies downward momentum is back in place

Daily chart shows right shoulder of head & shoulders top is forming

1.2540/50 area is support, if breaks May's monthly low comes into focus

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