The GBP/USD retested and bounced at the broken support level at 1.32 which now became resistance. A bearish continuation is likely if price manages to break the bottom.
The GBP/USD could aim for the next Fibonacci target at 1.30 if price manages to push below the support zone.
The GBP/USD retracement yesterday could have been a wave 2 pullback. Price will need to fall to at least 1.3050 before a wave 3 pattern as indicated here can be confirmed
