GBPUSD (1.3092): The GBPUSD currency pair was seen easing back to the support level at 1.3054 – 1.3028. The rebound off this support level could trigger further upside. Price action will need to clear the short-term high formed at 1.3135. A close above this high could confirm further gains. The resistance level at 1.3250 remains the likely target to the upside. Failure to rise above 1.3135 could, however, keep the GBPUSD subdued. A break down below the support will signal a move toward 1.2808.
