has two possible scenarios. The first is to return of price above 1.2740 support, then today’s breakdown of support could be treated as a false breakout. The second scenario is the test of nearest support at 1.2570. Currently this support is further reinforced by the upper limitation of the triangle from which pair broke out in mid-April. Today’s session is therefore crucial for the further fate of the GBPUSD
, and the levels that are now mandatory to observe are 1.2570, 1.2740.