GBPUSD H4 ChartGBPUSD M15 Chart
Technical Analysis: The price has yet to reach major support at 1.2869 or at least the buying zone.
In M15 chart, the price enters the selling zone and pulled back to resume depreciation again.
Market Sentiment: The Fed as of now standstill at observing incoming labour market data to reaccess a rate hike. The dollar is thus pretty neutral. As for the pound, there has been some news going on about Brexit again and uncertainty may rise and cause the pound to weaken.