GBPUSD remains in the upside movement from 1.1987, the fall from 1.3267 would possibly be consolidation of the uptrend. Near term support is a the bottom trend line of the price channel on the daily chart. As long as the channel support holds, the uptrend could be expected to resume and next target would be at 1.3700 area. Key support is at 1.2589, only a breakdown below this level could trigger another fall towards 1.1946 (Oct 7, 2016 low).
