Today the GBP/USD is mostly trading sideways but has already violated the 1.2175 support area. It was a very crucial level as it was expected to bring a bullish reversal in GBPUSD until 1.2240 and 1.2277. Since the level is already broken, we may see Sterling to extend bearish rally until 1.2134 and 1.2108.
Consider staying bullish above 1.2175 to target 1.222 and 1.2256. On the lower side, short selling can be done under 1.21750 until 1.209.
Consider staying bullish above 1.2175 to target 1.222 and 1.2256. On the lower side, short selling can be done under 1.21750 until 1.209.