The analysis suggests that GBPUSD is currently in a local downtrend but is approaching a support zone where bulls might show up. A potential upside reversal is being tracked on the daily timeframe, but it's not yet confirmed due to poor data quality from the 10th of October across different exchanges. For the upside reversal to be confirmed, a break above the 1.269 to 1.284 resistance area is needed. If the price continues to decline, 1.76 is identified as the next support level.