GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3174, as long as the trend line resistance holds, the bounce from 1.2475 could be treated as consolidation for the downtrend, and another fall towards 1.2400 could be expected after the consolidation. Only a breakout of the trend line resistance could signal completion of the downtrend.
