GBPUSD Dec 23

The GBP/USD's ascending trend-line and 38.2% Fibonacci level of the 1.2204-1.3422 positive move. The mentioned support also near 50-day SMA, which if broken might be seen as a key trigger for bearish traders and set the stage for a near-term downfall. The pair then might turn vulnerable to break below the 1.2900 handle and slide further testing 50% Fibo. support near mid-1.280.