GBPUSD (1.3103): The British Pound was seen posting a modest bounce only to be held back by the 20-period EMA. Price action could be seen extending the declines back to the support at 1.3028. A reversal around this level could potentially keep the upside bias intact. However, this could change if the cable slips below this support. The previously held resistance level is likely to be the target on a reversal off the support level
