The GBPUSD pair continued its decline during recent intraday trading, breaking below the key support level at 1.3260, a level that had previously been identified as a price target in our earlier analysis.

This move comes amid continued negative signals from the relative strength indicators, despite it reaching deeply oversold levels. The main short-term bearish trend remains dominant, with price movements aligned along a trendline supporting this bearish path. Additionally, negative pressure persists as the pair continues to trade below EMA50, reducing the chances of a sustained recovery in the near term.