GBPUSD (1.2741): The GBPUSD currency pair continues to consolidate near the support area of 1.2747 region. Price action slipped below this level but posted a quick reversal. In the short term, the GBPUSD could be seen holding on the ranging pattern with an increased risk of a test to the 1.2683 level of lower support. To the upside, price action needs to break out from the falling trend line to confirm any upside in price.
