The GBPUSD market still retains a short term bear trend bias. However, minor recovery action has lifted the market against key 1.2780 resistance. A close over 1.2780 is needed to secure a short term reversing / bottoming turn, likely sparking a climb to 1.2850. A close under 1.2671  is bearish.

R2         1.2799
R1         1.2757

S1         1.2711
S2         1.2671