GBPUSD down but bounces. Watching 1.3009 low from yesterday - ConsultFX

GBPUSD down but bounces. Watching 1.3009 low from yesterday

Lows show some rejection/support buying. The GBPUSD fell sharply - helped by weaker retail sales.  The fall took the price toward a lower trend line on the daily chart below. That line came in at 1.2943. The low reached 1.2957.  Not right on the level, but there was some hesitation.