GBB/USD- minor resistance at 1.2800 but stronger resistance at 1.2860/70 is key to direction. A break higher signals a bullish breakout of the flag targeting the 1.2900/04 high from last week. Bulls are in control so a break above the September low at 1.2912 targets 1.2935 and 1.2950 then 1.2990/95 and 1.3020.
First support at the December high at 1.2770/1.2760 but below 1.2740 targets good support at 1.2720/10. Try longs with stops below 1.2685. Just be aware that further losses target minor support at 1.2650/40 then a buying opportunity at 1.2610/00.
