The GBP/USD pair has been oscillating around the 1.2310 mark, with the looming formation of a “death cross” casting a shadow over its future trajectory. This technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average, often signals a potential bearish trend for the asset. For the pound sterling to maintain its appeal to buyers, it’s imperative that it clears the 1.2300 resistance level. If it fails to do so, the currency pair could be subjected to further downward pressure. Recent analysis indicates that the GBP/USD has already touched its target, suggesting that the pair might be on the brink of a pivotal movement. Investors and traders are advised to keep a close watch on these technical indicators and the 1.2300 level to gauge the pair’s next direction.