GBPUSD - bearish pennant

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A bearish pennant has seemed to form after a significant bearish move, this could be a sign of more to come. Looking at the chart now it looks like the price has entered a period of consolidation and would continue to move further down over the next day or two. The RSI has moved into a position to allow further bearish moves without being oversold. The price could move up, which is very unlikely, this would be possible if the price is able to break out the top of the pennant.