GBPUSD: The British pound also came under considerable selling pressure in the region last week, but before that we also saw a number of positive breakouts from buyers. Looking at the H4 (extended) framework, GU is likely to sustain short-term declines to the 1.2600 area this week, and we expect buyers to return once GU retests this support area. At the beginning of the week, Ace can expect a sell-off around 1.2720 on GU due to the slight weakness in the GAP area this morning.