GBPUSD technical perspective recovery attempt might now confront supply near recent bearish breakdown point, around the 1.2965-70 region, comprising of the very important 200-day SMA and a descending triangle pattern support. An uptick might prompt some additional short-covering move but seems more likely to remain capped near a descending trend-line resistance in a triangular formation, currently near the key 1.30 mark. On the flip side, the 1.2900 round figure mark now seems to protect the immediate downside, which if broken might slide towards the 1.2830 regions. A follow-through selling has to continue dragging the pair its next major support near the 1.2775 area, marking 61.8% Fibonacci retracement level of the 1.2396-1.3381 up-move.