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GBPUSD grows thanks to reduced inflationary pressure

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Chart_MasterPro  
OANDA:GBPUSD   British Pound / U.S. Dollar
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GBP/USD remains stuck near the 1.2200 level as traders wait for additional catalysts. Interestingly, rising Treasury yields did not put pressure on GBP/USD.

If GBP/USD settles above 1.2200, it will move towards the next resistance, which is located in the 1.2370 – 1.2410 range.
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