The GBP/USD broke below the support trend line (dotted green) after building a triangle chart pattern. Price also breached the critical round level of 1.32 for a continuation of the downtrend.
The GBP/USD is showing strong bearish price action and could be ready for a continuation towards the next round level at 1.30.
The GBP/USD is building a small consolidation after a bearish breakout, which could be part of a bearish wave 5.
