The GBP/USD at the 4 Hour Chart now is looks like trying to going down into the Discount Array area's with the 1.2775 as their first target and the 1.2600 as their secondary target as long as Cable not retrace to up and close above the 1.3006 level because if this level can be pass and all the down movement with all the first and the secondary target will be automatically cancel.
(Disclaimer)