GBPUSD (1.2988): The GBPUSD currency pair was seen recovering off Monday’s lows yesterday. However, price action briefly touched the previously breached support area of 1.3054 – 1.3028 before easing back on the day. As long as the resistance level is not breached, the GBPUSD currency pair could maintain the downside bias. The currency pair remains at risk of a decline to 1.2808. But for the most part, the price action could be dictated by Brexit related news.
