GBPUSD managed to meet the target of 1.2730-50 and managed to fall below this support.
As projected before and as we see on the chart, if prices hold below 1.2770-80, the downtrend pressure could sustain over the market for a drop toward 1.2450.
Above 1.2780 more advance could hit the market with the second resistance at 1.2860-70 which in turn could push for another drop.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2705 | 1.2770-80 |
| LEVEL2 | 1.2615 | 1.2860-70 |
| LEVEL3 | 1.2450 | 1.3050-70 |