Technical analysis:
GBP/USD has been trading downside and there is the rejection of key pivot resistance at the price of 1.3200. I see further downside movement.
Trading recommendation:
Watch for potential selling opportunities due to strong rejection of key resistance at 1.3200.
Downside objectives are set at the price of 1.3050 and 1.3000
Stochastic oscillator is showing overbought condition and fresh bear cross, which is sign for the further downside movement.
Short-term trend is still bearish.
