Technical analysis:
GBP/USD has been trading upside in last few days and I see potential for the downside continuation of the 10 day trend.
Due to the lack of buyers and upside channel in play, I see potential for the further downside movement towards lower references.
Downside objectives are set at the price of 1.2880 and 1.2815
Stochastic oscillator is showing bearish divergences, which is good sign for the further downside movement.
Key resistance is set at the price of 1.3000
