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GBP/USD may lack a market-driver
The pair dropped through $1.24 yesterday, but for now is holding above the key $1.2320 level. If this breaks then we would look towards $1.2178 and then $1.1980.
With little UK or US data in the next two days there may be little to drive the market in either direction. A rally needs to clear $1.2530 to then target the 100-day SMA at $1.2730.