GBPUSD moved below the rising trend line support at 1.2820 on its daily chart and is now facing the 1.2756 key support. A breakdown below this level will confirm that the bullish movement from 1.2109 had completed at 1.3047 already. This will trigger another fall towards the October 2016 low of 1.1946. On the upside, as long as 1.2756 support holds, the pullback from 1.3047 would possibly be consolidation of the uptrend from 1.2109, further rise towards 1.3500 is still possible.
