GBPUSD (1.2786): The GBPUSD currency pair was consolidating near the support level of 1.2808. Price action is seen trading subdued at this level. However, the retest of the lower support level at 1.2683 is still pending. This could potentially keep the GBPUSD biased to the downside. If we see a rebound off 1.2808, then the GBPUSD is likely to be limited in its gains to the upside.
