GBPUSD which has been bearish for a while has been very bearish and we have seen price drop to 1.17665 which is the previous low from the the 18 AUG we have had a minor rejection on that price and we see price currently bouncing from that price and giving us a minor upward retracement to 1.19447 if we happen to reject this area we can expect to see more downside to 1.16000