MARKET ANALYSIS

Upwards scenario: GBPUSD established clear negative bias on the medium-term perspective. However, appreciation above the resistance at 1.3208 (R1) could provide a chance to expose our target at 1.3252 (R2) and 1.3297 (R3) in potential.
Downwards scenario: The bearish oriented traders expected to be in play below the next support level at 1.3163 (S1) to confirm downside evolvement. Clearance of this level is required to open way towards to our targets at 1.3121 (S2) and 1.3079 (S3).

Resistance levels: 1.3208, 1.3252, 1.3297

Support levels: 1.3163, 1.3121, 1.3079