GBPUSD extended its upside movement from 1.2768 to as high as 1.2985. Further rise to test 1.3012 resistance is possible in the coming days, a break of this level could signal resumption of the uptrend from 1.1958 (Sep 3 low), then next target would be at 1.3100 area. Near term support is located at the rising trend line on the 4-hour chart, a breakdown below the trend line support could bring the price back to 1.2870 area.
