Technical Outlook: GBP/USD - January 29

• GBP/USD at 1.27034, showing a slight downtrend; pivot at 1.2644.
  
• Resistance levels at 1.2706, 1.2768, 1.2835; support at 1.2585, 1.2516, 1.2449.
  
• RSI at 47, MACD slightly bearish, 50-day EMA at 1.2711; market trend neutral to bearish.