GBPUSD turned weaker after closing slightly above the 1.2693 key resistance on Monday, looking unable to build on its recent rebound from fresh yearly lows. In subsequent sessions, the pair may retain this consolidation phase given that the RSI remains close to its 50 neutral mark. The Ichimoku indicators also support this view as both the red Tenkan-sen and the blue Kijun-sen line seem to be flattening, though the negatively-sloped simple moving averages (MA) hint that an uptrend is not on the radar yet. On the downside, the 1.2582 barrier could provide immediate support as it did several times during the past two ... (full story)