GBPUSD breaks below 1.4900 key support, suggesting that a short term cycle top has been formed at 1.5249 level on 4-hour chart. Deeper decline is now in favor. The first target would be at 1.4000 zone. Initial resistance is at 1.4900, only rise above this level will signal lengthier consolidation to down trend.


GBPUSD 4H Chart