GBP/USD is demonstrating some bearish price action in the daily timeframe. The 1.2670 level is acting as a strong resistance in the daily chart. If the resistance continues to hold, I am expecting further declines in GBPUSD towards 1.2350 level. I recommend selling the rallies in GBP/USD. Ideal sell entry would be close to 1.2670 level with Stop loss above the resistance and TPs at 1.2550 and 1.2350 respectively.