GBPUSD DOWNSIDE CONTINUATION LIKELY

Looking at the GBPUSD technically we can see that the market is clearly making lower lows and lower highs and the Daily timeframe confirms we are still in a downtrend with the potential for price to head down to the key support level of 1.2700. If the market can pullback to the key resistance of 1.3020 with 50.0% Fib confluence we can look for the continuation short with stops above key 4hr highs.
Brexit still remains the threat here with Prime Minister May saying she has the deal 95% done however the Irish border remains an issue. This is likely to continue to cause an issue for a while and would expect the market to move lower.