GBPUSD broke below 1.2940 support, suggesting that the upside movement from 1.2396 had completed at 1.3217 already. Deeper decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance levels are at 1.3040 and 1.3217, only break above these levels could trigger another bullish movement towards 1.3500.
