GBPUSD is facing the support of 1.2831. As long as this level holds, the fall from 1.2988 could be treated as consolidation of the uptrend from 1.2365 and further rise to 1.3100 area is still possible after the consolidation. On the downside, a breakdown below 1.2831 support will indicate that the upward movement from 1.2365 had completed at 1.2988 already, then deeper decline to 1.2700 area could be seen.
