On the GBPUSD daily chart, we can see that the pair is retesting the 1.2600-1.2700 zone of the support for the upside continuation and also the downside resistance. The bounce from here is required for an upside continuation into 1.3300 level. The daily close below this level is required for the extension lower into 1.2400 level.
Happy trading! (click on the chart to enlarge it)
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