GBPUSD (1.2806): The British pound continued to consolidate near the support level of 1.2808 level although briefly dipping below this level. The 4-hour Stochastics oscillator is seen posting a higher low indicating a potential bullish divergence. Price action will need to clear the immediate short-term resistance level of 1.2850 to confirm the upside. The previously breached support level at 1.3086 is the likely upside target in price
