As posted in a previous post I am expecting GBP/USD
to make new lows with a break of 1.28000. An opportunity is now forming on the hourly to try and hop on the trend a bit earlier with a break of a counter trend line
. The 1.3000 level has been rejected 3 times now and a breakout retest continuation of the counter trend line
could send us lower. Targets would be at 1.28000 and 1.25750 (account for potential increased margins for targets).