Yes its bearish.
if you see the 0.786 of fibo level and price was retrace from there to down wards and GBPUSD is in down trend as well. it has retrace from fibo level 0.786 means it will reach the fibo level 1 in long term. in the meantime you can see the RSI whenever price reversal and reach RSI 54.94 (red line) rate gone more down. so with all these reason my prediction is it will go more down in short term and long term as well.
Note: This can be change according to geopolitical situation and economic news.
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if you see the 0.786 of fibo level and price was retrace from there to down wards and GBPUSD is in down trend as well. it has retrace from fibo level 0.786 means it will reach the fibo level 1 in long term. in the meantime you can see the RSI whenever price reversal and reach RSI 54.94 (red line) rate gone more down. so with all these reason my prediction is it will go more down in short term and long term as well.
Note: This can be change according to geopolitical situation and economic news.
Like us comment us for more.