GBPUSD (1.2999): The GBPUSD currency pair posted a sharp correction on the day as price action reversed losses just a few pips off the 1.2683 level of support. This reversal saw the currency pair breaking past the resistance level of 1.2808. Further gains could keep the GBPUSD biased to the upside as it approaches the resistance level of 1.3086. A retest of this level to establish resistance would mark a correction and potentially keep the GBPUSD trading flat in the near term.
