GBPUSD is in a downtrend and is very likely to continue it, although there is a chance of a retracement happening today
Most likely scenario: GBPUSD will continue the downtrend making lower lows, but there is a high chance that it will bounce up from the 1.29 level and make a retracement
Alternative scenario: GBPUSD will not continue the downtrend
Most likely scenario: GBPUSD will continue the downtrend making lower lows, but there is a high chance that it will bounce up from the 1.29 level and make a retracement
Alternative scenario: GBPUSD will not continue the downtrend