As projected early this week and as we see on our previous chart, the GBPUSD pair still shows a chance for a rebound toward 1.2740-60, should prices remain above the 1.2610-25 support.
Below 1.2610, more of a drop will be expected towards 1.2450.
Above 1.2770, the market could advance to the second resistance around 1.2860.GBPUSD analysis indicates a possible rebound if support holds, with resistance levels to watch for further movement
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2610-25 | 1.2740-60 |
| LEVEL2 | 1.2450 | 1.2860 |
| LEVEL3 | 1.2330 | 1.3000 |
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