GBP/USD decline appears to have halted
GBP/USD's sharp drop of the past week has come to a halt for now, with the $1.23 area acting as support over the past two sessions. A move below this level would head towards $1.2178 and then $1.1980.
It may be that the pair is bottoming out, but we will need to see a move above $1.2422 to suggest the buyers have the upper hand. Today’s US data splurge should help provide direction.