GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the price action from 1.2376 would possibly be consolidation of the downtrend from 1.2615, and another fall towards 1.2200 could be seen after the consolidation.
