GBP/USD: Bearish hourly cycle w/1.30 as next target

The pair has broken an area of support amid higher volumes (smart-money acceleration) as depicted by the trendline at the bottom of the chart.

The next target for the ongoing selling campaign can be found at 1.30 round number, as per the 100% fib projection target.

As long as the descending trendline is commanding prices lower, the market remains bearish .

This implies selling into strength is the favoured strategy in coming days. The areas highlighted in circles are key decision levels.