GBPUSD is under pressure and is testing support at the 200-day moving average at 1.5340. The intra-day bias remains to the downside as the RSI is below 50. A break below the 200-day moving average would signal further downside towards the September 4 low of 1.5162. To the upside prices will first find resistance at the convergence of the tenkan-sen and kijun-sen line at 1.5490. Above this, the Ichimoku cloud will act as a barrier.
In the bigger picture, GBPUSD continues to trade in a consolidation pattern, giving it a neutral bias. The range is between 1.5000 and 1.5928. Only a break above the upper range would shift the bias to a more bullish one. For now the market is in a correction after the downtrend from 1.7190 to 1.4564.