Downtrend is observed at a higher timeframe with prices being rejected at around 79.60 level. If prices broke down from current internal uptrend line, expect prices to fall to support level
Generally uptrend but internal downtrend structure is being tested and coinciding with minor support level. RSI and Internal Downtrend Structure shows positive divergence indicating near reversal.
A positive divergence is seen at for GBPUSD pair could make prices go up to around 1.2750 level. But before hitting that level, expect resistance at 1.2520 level.
P.S. This is my very first post here. Thanks!