GBPUSD, Daily
![GBPUSDDaily.png](https://eu-images.contentstack.com/v3/assets/blt73dfd92ee49f59a6/bltc6000d3d09269664/66a22aa2bf46be0dce27a11c/GBPUSDDaily.png)
In the daily timeframe, GBPUSD faces a support zone at the 1.2880 level, which is aligned with the 100.0 Fibonacci retracement. The RSI leaves the overbought zone and the Parabolic SAR pointed dots above the price, giving a bearish sentiment.
- If the price rebounds off the 1.2880 support, it may rise to 1.2990.
- However, if the asset breaches below the support, it may fall to 1.2790.