GBP/USD turning higher after recent decline
GBP/USD sold off sharply on Friday, as the pair continues to exhibit strong retracements within its recent recovery. There are still questions over whether we are currently seeing a retracement of the $1.3072-$1.2724 sell-off.
However, for now it looks likely we will overcome the $1.2927 peak from Thursday. Thus, it makes sense to look for a further upside today, with a break below $1.2794 required to negate this bullish short-term view.