GBPUSD (1.3044): The British pound was seen trading rather subdued yesterday about price action was seen hitting the support at 1.3025. A confirmed break down below this level could suggest further downside in prices. The next main technical support in GBPUSD is at 1.2818 – 1.2800. However, watch for any potential reversal above this support. Unless resistance is clearly formed at 1.3025, further gains cannot be ruled out in GBPUSD.
