Time 10:30 AM GMT

GBPUSD

The pair moves inside an uptrend on the medium term and short term and bounced up from level 1.2460 after forming a new bottom around it which support the continuing of the uptrend which will confirmed by breakout level 1.2505 and continuing above it which by break it out will let the pair targets level 1.2558 then 1.2604 and the RSI indicators shows by bouncing down from level 50 the increasing of the probability of continuing the downward correction movement and the stochastic indicators shows by bouncing down from level 80 the overbought area the probability of continuing the downward correction movement

Resistance levels

1.2505, 1.2558, 1.2604, 1.2667

Support levels

1.2460, 1.2383, 1.2307, 1.2235