The GBPUSD market is short term bearish with trade still suggesting a breakout under the 1.2919 low. The formation alerts for washouts near 1.2870  - 1.2810. Any corrections will likely hang below last Tuesday’s inside day 1.3008 and use congestion to bear flag.  Only a close over 1.3127 (SAR) signals a reversing turnaround.

R2         1.3047
R1         1.3005
 

S1         1.2961
S2         1.2919