GBPUSD pair on Monday broke below important support and comprising of 100-hour SMA and a one-week-old ascending trend-line. A follow-through weakness below mid-1.2600s will reinforce the bearish outlook and moving the slide further towards challenging the 1.2600 handles before the pair eventually drops to test multi-month lows, around the 1.2560 regions. On the flip side, any meaningful up-move beyond the 1.2700 handles might now confront some resistance near the 1.2735 regions ahead of the 1.2750 heavy supply zone. A balancing break through the mentioned barrier might prompt some near-term short-covering move and lift the pair further towards the 1.2800 marks. The mentioned handle coincides with a previous strong horizontal support breakpoint, which if cleared should pave the way for an additional recovery towards the 1.2860-65 region.