GBPUSD extended its upside movement from 1.1958 to as high as 1.2560. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2600 area. Key support is at 1.2392, a breakdown below this level could bring the price back to 1.2265 area.
