Looking at the weekly chart, the first thing that catches our eye is the inability of prices to move up.
The long-term momentum is still bearish and thus, the pound is vulnerable to more losses.




Daily chart:
Also: Ichimoku Cloud has an downwards slope, and price it remains below its Senkou_A and thus, the long-term momentum is still bearish. and the prices are moving sideways and at the end of a downtrend, which draws the Ichimoku ind.



GBPUSD Target: 1.4169
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