On the 4 hour timeframe, the GBP/USD has formed bearish engulfing pattern which is suggesting solid chances of bearish trend continuation. The Cable has come out of the bullish channel which was extending support at 1.2930. For now, the candles have closed outside of the bullish channel and it's suggesting odds of further bearish trend in the GBP/USD. On the lower side, the immediate support stays at 1.2795 while resistance stays at 1.2925.