GBP/USD 1H The GBP/USD currency pair, unlike the EUR/US, simply continued its downward movement and worked out the first support level of 1.2250 on Monday. Thus, the bears continue to use any chance in order to continue to get rid of the British currency. The descending channel clearly shows the current trend and as long as the quotes do not get out of it, buyers will remain in the shadows. However, the British currency's next fall is not surprising, given the general fundamental background. However, more on that below, and in this section we can only say that there are several important supports below the pound/dollar pair, which could be difficult for bears to overcome. GBP/USD 15M Both linear regression channels continue to be downward on the 15-minute timeframe, so the overall trend remains downward in the short term. Quotes of the pair are also located below the moving average line, so for the time being we are not even talking about an upward correction in the short term. Cot Report The latest COT report, which covers dates June 17-23, shows minimal changes. A group of professional traders were extremely inactive in the indicated period of time...

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