GBPUSD remains in downtrend from 1.2569, the rise from 1.2214 is likely consolidation of the downtrend. Resistance is at 1.2360, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2100 area. On the upside, a break of 1.2360 resistance will indicate that the down trend is complete, then the following upward movement could bring price to 1.2600 zone.
