On Friday, GBP/USD received strong support near the downside channel resistance, but it will not enter the uptrend until GBP/USD can break through 1.2566 and then 1.2605 and stay above it. In the near term, I expect GBP/USD to maintain its downtrend and fall to the next bear target of 1.24. Today I expect GBP/USD to trade between 1.2390 and 1.2545.