•GBP/USD was flat in the Asian session. The pair has posted considerable losses in the European and North American sessions
•1.2351 has weakened in support following losses by GBP/USD
•There is resistance at 1.2479
Further levels in both directions:
•Below: 1.2351, 1.2272 and 1.2120
•Above: 1.2479, 1.2620 and 1.2778
•Current range: 1.2351 to 1.2479
GBP/USD ratio is showing slight movement towards long positions. Currently, long positions command a majority (62%), indicative of trader bias towards GBP/USD reversing directions and moving upwards.