GBPUSD under bearish pressure after the earlier breakout of the support trendline of the extended daily up channel from the end of June (which encloses the large part of the previous extended multi-month upward corrective wave (B) from last month). Given the powerful bearish sterling sentiment seen across the currency markets today – GBPUSD is likely to extend toward losses toward the next support level 1.30650 (low of the daily Morning Star from the middle of August).