GBPUSD broke below the price channel support, and formed a short term cycle top at 2.1161 level. Pullback towards the up trend line from 1.9879 (Sep 18 low) to 2.0257 (Oct 22 low) is expected. Key resistance is at 2.1161, only break of this level will signal the resumption of the up trend.
http://blog.forexcycle.com