GBPUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.40000 (which has been reversing the price form the start of March), upper daily Bollinger Band and the 50% Fibonacci correction of the sharp downward impulse from February. The downward reversal from this resistance level zone created the daily candlesticks reversal pattern Dark Cloud Cover. Given the prevailing sterling bearishness seen across the FX markets today – GBPUSD currency can be expected to fall further in the active toward the next support level 1.37000 (low of the previous waves (a), (b) and 2).