GBP has been slowly retracing downward moving through several support lines as indicated by the graph. While making small reversals in its patterns, its and hence trust from the public that the price trend will reverse upwards has been slightly muted and that is evident in the last 3 sessions.
We therefore conclude that by looking at the last close in the candle stick upon its move upwards, it lacked necessarily and hence momentum to further its move upward.
We expect the next floor to appear between 13075 and 12980.
P.S in case In doubt, confirm this using and Elders as shown on the chart