GBPUSD currency pair under the bearish pressure today after the price broke the key support level 1.36000 (which has been reversing the price from July, as can be seen from the daily GBPUSD chart below). The breakout of the support level 1.36000 accelerated the active impulse waves (iii) and 3. Given the strong multi-month downtrend and the significant bearish sterling sentiment seen across the FX markets today – GBPUSD currency pair can be expected to fall further toward the next support level 1.34500 (target for the completion of the impulse wave (iii))
