GBPUSD extended its upside movement from 1.2558 to as high as 1.2762. Key support is at 1.2668, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.2800 area. On the downside, a breakdown below 1.2668 support would indicate that the upside movement is complete, then another fall towards 1.2500 could be seen.
