GBPUSD is facing 1.1946 support, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.1500 area. Near term resistance is at 1.2450, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then further rise to 1.2900 area to complete the consolidation is possible.
