GBPUSD (1.3121): The British pound continued to consolidate above 1.3025. Friday’s price action has result in an inside bar formation as well. Support at 1.3025 will be critical as a breakdown below this level could signal sharp declines to 1.2818. On the 4-hour chart, GBPUSD has formed an inside bar. An intraday close below 1.1312 could send GBPUSD lower on the day. The initial support is seen at 1.3025 followed by a decline to 1.2818.
