GBPUSD extended its downside movement from 1.3549 to as low as 1.3301. Further decline would likely be seen and next target would be at 1.3220. Below this level could take price to test 1.3027 (Oct 6 low) support. Near term resistance is at 1.3466, only break above this level could bring price back towards 1.3549. A breakout of this level will confirm that the uptrend from 1.3039 has resumed, then the following upside movement could take price towards 1.3657 (Sep 20 high).
