GBPUSD: The pair faces further corrective recovery threats as more gain is expected in the days ahead. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance stands at the 1.2800 levels with a turn above here allowing more strength to build up towards the 1.2850 level. Further out, resistance resides at the 1.2900 level followed by the 1.2950 level. On the whole, GBPUSD remains biased to the upside on correction.
