GBP/USD Price Hovering Above 1.2445 Support, Eying US CPI

<div><img width="1024" height="746" src="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png" class="type:primaryImage wp-post-image" alt="my GBP/USD forecast" decoding="async" style="margin-bottom: 15px;" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png 1024w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-300×219.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-150×109.png 150w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></div>
<p>The bias is bearish despite temporary rebounds. A new lower low activates more declines. The US CPI should bring sharp movements. The GBP/USD price is in a downtrend, trading at 1.2460. The pair could fall further as the outlook is bearish. Yesterday, the UK reported some positive data on unemployment claims and wage growth, which…</p>
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