GBPUSD (1.2742): The GBPUSD currency pair was seen continuing to consolidate near the support level of 1.2745. Price action was seen falling back to this level despite breaking above the falling trend line. The consolidation is likely to continue, but the support holding the declines could indicate some upside momentum building up. A break down below the support could no doubt push the GBPUSD to fresh lows.
