GBPUSD remains bearish as recent bounce runs out of steam

GBPUSD has been underperforming in the past two days, after the strong pullback on the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.3200, around the 1.3475 barrier. The bearish picture in the short term is further supported by the technical indicators and the moving averages.