The GBPUSD has moved on red trend line since November. The pair could reach R1 last week. Now, I see two scenario for GBPUSD:
First: price break red trend line support then it would go down 1.2910 area and perhaps lower level.
Second: It is possible the pair currency pullback on red trend line and it go up R1 and R2.
First: price break red trend line support then it would go down 1.2910 area and perhaps lower level.
Second: It is possible the pair currency pullback on red trend line and it go up R1 and R2.