The lack of the recent downtick illustrates the weakness of the GBPUSD pair ahead of the main figures for UK jobs. In consequence, 1,2660 and 1,2610 may entertain short-term sellers before being questioned with the horizontal area of 1,2605-1,2600. With below 1,2600, 1,2560 and 1,2465 prices falling, bears could become favourites.
When a pair rises after 1 2705,...
