GBPUSD (1.2809): The British pound closed with a doji pattern yesterday below the support level of 1.2874. Price action could see a short-term reversal if the British pound manages to close back above this support. A retest back to 1.3033 cannot be ruled out if the retracement begins. On the 4-hour chart, the support level remains in focus. Any short term gains could see GBPUSD retest this level for resistance which will keep the bias to the downside. The next main support level is seen at 1.2628
