The GBP pair is negatively pressed at the level of 1.2950, which is the level that represents the bottom edge of the price area indicated in the green square No. 1 and the upper edge of box No. 2 referred to in the graph.
The level represents an important axis as a break below it will complete the pair temporarily negative perhaps visiting 1.2800
In general we recommend that youbuy now andtarget the previous summit
