Could not get to the target level

The GBPUSD has dipped back below the broken trend line and the high from earlier in the week. The failure muddies the water technically for the pair. The market broke. The next target could not be be reached. The price has moved back below the break level.

The buyers had a shot to take the pair higher. They could not keep the momentum going. We could see a wander back down toward the 1.3062 area and will see what happens from there. Watching.