Since July 2014 that GBP is bearish against the USD. It fell from 1.6800s to the 1.1800s in October. The Uptrend from October was broken today (15/12) and it could lead to a fall towards the next short-term support area, over the 1.2100s.
Short Position 1.2550 Stop Loss - 1.2630 Profit 1.2350 to 1.2100