GBPUSD (1.3074): The GBPUSD currency pair managed to turn flat at the support area of 1.3054 – 1.3028. If the currency pair maintains the rebound off this support level, we expect to see some upside in store. The resistance level near 1.3125 will, of course, need to be cleared in order for GBPUSD to resume the short-term uptrend. To the downside, if the support fails, then the currency pair could be seen extending the declines down to 1.2808.
