GBPUSD is in consolidation of the uptrend from 1.1986. Range trading between 1.2412 and 1.2706 would likely be seen in a couple of days. Support is at 1.2412, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.2900 area is still possible. On the downside, a breakdown below 1.2412 support will indicate that the uptrend had completed at 1.2706 already, then the following downward movement could bring price back to 1.2100 zone.
