GBPUSD currency pair under strong bearish pressure after this currency pair broke below the key support level 1.28600 (low of wave 2 from the end of 2020). The breakout of the support level 1.28600 accelerated the active impulse waves (iii) and 3 – which belong to the higher order impulse wave (3) from the start of this year. Given the powerful bearish sterling sentiment seen across the currency market today -GBPUSD currency pair can be expected to fall further toward the next support level 1.26700
(low of wave (B) from the middle of 2020).