GBPUSD H1: Bearish outlook seen, further downside below 1.08432

Prices have formed a range between 1.08432 and 1.0632 after a 4% drop earlier this week. General sentiment is bearish for GBP and hence, sells are favoured at the 1.08432 level with the target the bottom of the range at 1.0632 and a lower target at 1.03991.