GBPUSD: 4 Hour cycle is bullish
against 10/7/2016 low (1.195) low while the 1-hour cycle is bearish
against the 4/17/2018 high (1.4377). Rally to 1.3474 ended correction to cycle from 4/17 high. Near-term cycle from 7/09 high is expected to complete soon then pair is expected to do a bounce in 3, 7 or 11 swings before further downside is seen provided the pivot
from 7/09 peak (1.336) stays intact. we don't prefer to buying here, we can see a bounce from 1.2750/1.2700 towards 1.3000.
Stop Loss: 1.2900
good luck !