The GBP/USD pair has broken the upward rising trend line on a 30 minute time frame. The price is also trading below the 50 day (shown in green) and 100-day (shown in yellow) moving averages which means that the bears have taken the control.
The pair has broken out of symmetrical triangle and if this pattern does play out completely, it could push the price near the 1.5644. The RSI is in an oversold territory there is also a clear deflection between the price and the RSI which means that the bias could be to the upside.
The volatility for the pair is also high as the price has pierced the Bollinger band and it is trading away from its 20 day MA, however it is important to state that the piercing of Bollinger band does have significant important at an important level of support/resistance as this could reverse the trend.