The GBP/USD has formed a descending pattern and is still going down. 1.3140 is next followed by 1.3100 and 1.3070.
A drop from the POC zone 1.3170-85 targets 1.3140 and 1.3130. However, we can see a rising trend line, just below so we might expect buyers around the zone. A successful close below 1.3120 should be followed by 1.3100 and 1.3070. The GBP/USD is bearish and until 1.3230 is taken, bears will have the upper hand. Watch for POC rejection and next leg down.
Many green pips,
Nenad Kerkez aka Tarantula FX