GBP going down

GBP/USD Forecast: Potential for recovery exists

Forecast GBP / USD I see this way. Now the movement is limited to a triangle, the output of which will be an impulse for achieving the level of 50 fib. Further developments I see as the formation of five waves up to level 100 Fib.

You also need to take into account the effect of the support level 1.4070