The risk stays seen higher, with the medium-term downtrend


A clear break below the support at 1.27 is needed to resume the bearish trend
 



GBPUSD fall further to test support at 1.2715/18, and this has managed to hold for now. So, Further consolidation above here should be expected and near-term resistance is seen at 1.2880. However, our bias stays bearish.


GBPUSD.jpg



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