GBP/USD has recently slid sharply from almost 1.44 to 1.36. We should expect some support here around 1.36, although further downside can also be expected after a rebound.GBP/USD Daily Chart(click to enlarge)Key Support:- The daily chart shows GBP/USD at a key support that involves the 200-day simple moving average, and a previous resistance pivot area. - Meanwhile the RSI is below 30. - We can expect some short-term bounce.Breakout:- The overall trend however might not be bullish anymore. - The slide recently is sharp enough to convince the market of further downside, especially because price broke a rising trendline. Limited Upside; Bearish Outlook:- For now, I would limit the bullish outlook to the 1.37-1.38 area. - At this point, a break above 1.40 would be needed to convince me that bulls are still in charge. - A hold below 1.38 would confirm the bearish outlook, which can lead to a break below 1.35 towards the next support/resistance pivot around 1.33.