GBPUSD (1.2984): The GBPUSD currency pair maintained strong gains, but Friday’s price action saw the cable taking a breather. Price action was subdued as the GBPUSD retraced some of the gains from earlier in the week. The resistance level at 1.3087 remains a key level of interest. To the downside, support at 1.2808 is quite likely to hold out as support. If GBPUSD falls below 1.2808, then we expect to see a test of the lower support at 1.2683 level.
