GBPUSD (1.2696): The GBPUSD currency pair turned volatile on Tuesday. The pound sterling briefly attempted to break past the falling trend line but turned lower promptly. This sent the GBPUSD down to the lower support level at 1.2683 level. As this lower support is being tested, there is a risk that the GBPUSD could extend the declines even lower. However, with volatility rising, we could expect to see a strong breakout in either direction. For the moment, this bias is to the downside.
