The GBP/USD pair fell from its resistance on a 30 minute time. This resistance zone was given in our analysis yesterday. However, this resistance zone my no longer hold if the price visits this specific zone again as the price has already visited this level for 3 times. Generally speaking, the fresh levels are the best levels and there is more probability of price changing its direction when it visit that specific level.
The price is also trading below the 50 day (shown in green) and the 100day (shown in yellow) moving averages which means that the bears are in control.
The RSI is trading in line with the price action which means that the bias could be to the downside, however, it is near its oversold region which calls for a caution.