Neutral on direction
Expect tests to the upside first. Breaks below 1.2380 confirm moves to the downside
EURGBP higher which implies EURUSD is more likely to test the upside than GBPUSD
Order books very thin. Curious that price hasn't/didn't test 1.2350 and 1.2320. Most likely explanation would be that bids at 1.2350 from 7 Nov still active.