GBPUSD extended its downside movement from 1.2985 to as low as 1.2822. Further decline would likely be seen in a couple of days and next target would be at 1.2750 area. Near term resistance is at 1.2870, only break above this level could trigger another rise towards 1.2950.
![GBPUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20191125_GBPUSD_1.png)