GBPUSD has multiple rejections in daily TF( 400 pips gain TP)

GBPUSD can't break the 1.2450 barrier and there are multiple rejections on the daily timeframe.
So, the bulls are weakening and the chances of a drop below 1.20 is increasing.

Dollar demand will push GBPUSD below 1.20 which gives sellers opportunity to make 400 pips gain.