As expected yesterday; 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. A close over 1.3127 (SARfor today) signals a reversing turnaround.

R2         1.2991
R1         1.2949
 

S1         1.2905
S2         1.2863