GBPUSD remains in the downtrend from 1.3549, the bounce from 1.3303 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.3303 support could aim 1.3220 support. Below this level could trigger further downside movement towards 1.3027 (Oct 6 low). Near term resistance levels are at 1.3500 and 1.3549, only break above these levels could indicate that the uptrend from 1.3039 has resumed, then next target would be at 1.3657 (Sep 20 high).
