GBPUSD (1.2827): The volatility in the GBPUSD currency pair continues. After price action posted strong declines off the resistance area of 1.3132 – 1.1308, the sterling plunged back to the support area. The rebound off the 1.2828 level is however expected to keep the currency pair in the range. As long as the above resistance and support levels hold, GBPUSD could remain volatile within these levels. To the downside, a close below 1.2828 could expose the downside target of 1.2683 which is pending a retest of support.
