GBPUSD remains very strong in the overall bearish bias

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The technical analysis for GBPUSD is still calling for more weakness, as the pair has been consolidating below the 200 SMA at H1 chart.

However, we should note that the support zone of 1.4026 made a rebound which helped to push higher the Cable towards the resistance level of 1.4193.

The pivot point level of 1.4099 is still below the current price, but bear in mind that the decline may continue after a lower low pattern formation below the 1.4026 level.

RSI indicator is entering at positive territory.

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