GBPUSD: The US Dollar Is Still Under Strong Pressure
USD dollar is creating many up and downs in different currency pairs.
In some of them, we can see USD being strong and in some others, USD is barely holding. On the other hand, GBP is doing very well and also GBP is a very strong economy.
However, from the technical perspective price is close to the top of the structure again and we can see a fast reaction.
It is clear that the sellers are positioned near that zone (near 1.2450)
If the price will manage to break through 1.2450 next targets will be 1.2650
If the top will hold strong GBPUSD can move down to 1.2250 and 1.2100