On August 2, we provided our long term view on GBPUSD. Zooming into H4, Cable is now on correction and the structure looks more bearish. Expecting price to fall briefly to 1.30216 next week Monday & if price is rejected between 1.29978 & 1.30216, then cable could start another rally to 1.3333 (as explained in our August 2nd post). However, a violation of 1.29978 & 1.30216 will see the currency pair testing weekly mean price around 1.27000 & 1.28000.
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades