TECHNICAL ANALYSIS:
GBPUSD price reversal at 1.30 mark failed to retest same price level in subsequent price action attempts.
The new bearish market sentiment signal is expected to see GBPUSD price retraces the 1.270 low support level (S1), a 200-day MA trendline price mark.
GBP price breaking below the 1.270 support confirms a bear market; a subsequent downtrend toward the 1.256 support level (S2) will be expected.