Daily chart: This pair is conducting a breakout at the support level of 1.7000, so the next target would be the support level of 1.6851. However, it is very likely that the GBP/USD will start forming a bearish pattern below the 1.7000 level, because this pair has been in a straight fall for many days. The MACD indicator is in negative territory.

H4 chart: The GBP/USD has consolidated below the 200 SMA and the level of 1.6995, so this pair could fall to the support level of 1.6920. If GBP/USD manages to make a breakout at that level, the next target would be the support level of 1.6841, which would be a new low in this pair for several weeks. The MACD indicator is in negative territory.

H1 chart: This pair is forming a higher low pattern below the resistance level of 1.7000. Now, the GBP/USD could conduct a breakout at the support level of 1.6950. If successful, it is expected to fall to the level of 1.6900. For now, the bearish trend is very strong in this pair. The MACD indicator is in positive territory.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.6950, take profit is at 1.6900, and stop loss is at 1.7000.