GBPUSD continues to fall inside the intermediate impulse wave (3), which started earlier from the resistance area located between the resistance level 1.30800 (top of wave A from the start of October), upper daily Bollinger Band and the 61.8% Fibonacci correction of the sharp impulse wave (1). Given the strengthening bullish USD sentiment seen across the currency markets today, GBPUSD is likely to fall further toward the next support level 1.28600 (which has been reversing the price from the start of October).
