GBPUSD (1.3268): The GBPUSD currency pair breached past the resistance level of 1.3205. The breakout above this level is likely to see price action continue to extend the gains further. Support is likely to be established at 1.3205 following which further gains could be expected. The next main target is seen at 1.3754 which marks a retest of the support level that previously gave way to the declines. To the downside, a decline below 1.3205 could still keep GBPUSD biased to the upside.
