GBPUSD has the opportunity to move down as long as the price is still moving below the level of the moving average indicator 50-100-200 on the 4-hour chart. To the downside, the closest support level is 1.2950, breaking down from that level has the potential to trigger a further decline to 1.2890 before aiming for a strong support at 1.2830. Meanwhile, if it moves up, the closest resistance level is at 1.3050, breaking up from that level potentially will trigger a further rise to 1.3110 before targeting strong resistance at 1.3180.