GBPUSD broke down 1.34 which is it's long term support so strong during brexit. Ever since, it was trying to come up but it wasnt unable to hit the 1.34 region again which means that the sellers are overtaking the buyers still easily, which means that the bearish run is not yet completed. Currently, last month 1.27 region is the price action to look for. If it gets broken easily this month, then 1.24 region will be the next price to focus. As all said, it's better to not counter trend and follow the trend of GBP which is just bearish and bearish. In line with that, please find the Monthly chart of GBPUSD as follows,
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