The GBPUSD pair almost hit on Monday the Lower Highs trend-line that has been actively rejecting rallies since the January 27 Top. Effectively acting as a Resistance since the start of the year.

As a result, a new Bearish Leg is highly likely to take place now and the first line of Support in the past months has been the 1W MA100 (red trend-line), which is what we're looking for at 1.32250. Along with the Higher Lows trend-line and the Support Zone down below, they for a formidable long-term Support Cluster, which if broken, expect the GBPUSD Bear Cycle to continue for another year at least.

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