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Barclays share price caught headwinds after the British bank reported disappointing results in its Q3 earnings report. Since the release of the reports, the share price has tumbled by 11% and has found some support in the demand zone near 128p. At the time of writing, the shares of the banking giant are changing hands at 130.82p on the first trading session of the week. The UK bank shares are showing mixed signals this week. This can be attributed to HSBC increasing its cost guidance for the year despite earning a higher third quarterly revenue. Nevertheless, the sentiment in the UK stock market remains somewhat positive as investors wait for Thursday’s Bank of England meeting. Bofa Global has concerns about Barclay's restructuring plan as the researching company downgraded Barclays to an underperform rating. However, the agency admits that the restructuring of the bank might lead to long-term profitability. Barclays also needs to do something about their 70% capital that is invested in low-yielding “Corporate & Investment Bank,". Last week, Barclays made headlines after it cut 3% of its workforce in its US consumer bank division as a part of its ongoing cost-cutting initiative. The bank is offering a full range of transition services as a part of a business review. Barclays share price is currently trading 22% below their year peak as the threat of further downside continues to haunt the bulls. Barclays Share Price Outlook LON: BARC has been a victim of the bearish sentiment experienced by the UK banking sector due to disappointing earnings reports. The share price of the British bank was already in a downtrend and the subpar earnings report only intensified it. As a result, the stock has tumbled 10% after it reported its Q3 earnings. The following of LON: BARC shows that the 128p-132p region as a strong demand zone which has resulted in strong bounces in the past. Thus, it is absolutely critical for the bulls to hold this level in order to stop the Barclays share price forecast from flipping bearish. However, if the bears overpower the bulls and drive the price down below the key demand zone, the price is likely to find support around 100p which is a major psychological level. LON: BARC Chart