Technical analysis:
GBP/USD has been trading sideways at the price of 1.2693 and I found consolidation in progress and potential for the breakout mode.
In case of the downside breakout of the support at 1.2650, there is the chance for the downside movement towards 1.25553
In case of the upside breakout of the resistance at 1.2735, there is the chance for the rally towards 1.2810
RSI oscillator is flat around 50 level, which is sign of the indecision.
