The dollar was up on Wednesday morning in Asia, with higher U.S. yields and rising hopes of a U.S. economic recovery from COVID-19 supporting the greenback. Yields on 10-year U.S. debt saw their biggest gains in two months on Tuesday, attracting Japanese investors, ahead of a massive $38 billion auction later in the day.

The GBPUSD market is sliding back into bear trending and positioned to attack the 1.2983 reversal low. A close under 1.2983 projects a larger selling wave to 1.2911. 

R2         1.3111
R1         1.3069

S1         1.3025
S2         1.2983