GBPUSD (1.2790): The GBPUSD is trading a bit subdued as price action repeatedly tests the support area of 1.2808 level. A reversal off this level could, however, keep price action range bound. To the downside, the untested support at 1.2683 is expected to be tested at some point. However, with the Stochastics in the oversold level, there is a possibility of a rebound in price action.
