GBP/USD steps back from a five-week top to 1.3045.
Bullish MACD, confluence of 200-bar SMA and 38.2% Fibonacci retracement can challenge sellers.
Buyers will have to defy a three-week-old ascending channel formation to revisit the early September tops.
GBP/USD drops to 1.3045, down 0.12% intraday,