GBPUSD: Bearish Trend Will Continue 🐻

↪️GBPUSD is trading in a downtrend within the descending regression channel perttan. The price has reversed its direction and erased a large portion of its daily gains on Friday after the data from the US showed that the annual core PCE inflation edged higher to 4.7% in April. On the downside, 1.2330 (mid-point of the descending channel) aligns as first support. Although the pair closed the last two four-hour candles in the positive territory, it lost its bullish momentum...Trade safe 👍✅