GBP/USD drops below the 20-DMA, with sellers gaining near-term control as RSI nears a break below 50.Key support lies at 1.3044 (July 17 peak), with further downside risks toward 1.2995 (50-DMA) and 1.2894 (March 8 high).Buyers need to hold above 1.3150 for a recovery, targeting resistance at 1.3111