No changed in our view, GBPUSD remains in the downtrend from 1.3298, the bounce from 1.3054 is likely correction for the downtrend. Near term support is at the bottom of the price channel on the 4-hour chart. A breakdown below the channel support could trigger another downside movement towards 1.2850. On the upside, as long as the channel support holds, the correction rebound will continue.
