GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the pullback from 1.2581 could be treated as consolidation for the uptrend, further rise to 1.2650 area is still possible after the consolidation. Key support is at 1.2392, a breakdown below this level could bring the price back to 1.2265 area.
