In the 4h chart of GBP/USD, we see that prices declined to the 1.2750-1.2800 area at the end of May. This move could have been impulsive, so we are considering the idea that a top is in place.
We can expect more weakness this week especially after a wave 2 bounce that may stop at the 50.0/61.8 Fibonacci resistance area.
GBP/USD, 4H
