GBPUSD (1.3007): The GBPUSD was seen easing back from the strong bullish momentum from Wednesday. Price action is currently trading flat on the 4-hour chart. There is scope for the GBPUSD to retrace the gains back to 1.2928 level to establish support. A retest of this level could renew the bullish momentum as GBPUSD is on track for targeting 1.3205 resistance.
