GBPUSD managed to hit few pips below 1.2615 last Friday, which could push for more of a drop to test the daily uptrend line around 1.2540-60.
As we see on the chart, as long as the market holds above the daily close at 1.2540-60, a rebound toward 1.2750-70 will be expected.
Below 1.2540 more of a drop toward 1.2445 and 1.2300 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2540-60 | 1.2670 |
| LEVEL2 | 1.2445 | 1.2750-70 |
| LEVEL3 | 1.2300 | 1.2850 |