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GBP/USD on the cusp of 1.2500 again
The GBP/USD has fallen back again since the last update here this morning. The fall comes as the EUR/USD edges lower and the USD/JPY rebounds from an earlier noted low, at 156.44. The GBP/USD just now hit a fresh session low at 1.2505, matching that seen on December 27. If you look at a daily bar chart you will see just how many times in recent trading days this 1.2500 level has been put to the test. The more times it holds the greater the chance of something meaningful in terms of a bounce, but at the same time, the more that increases the chance of bigger fall, if it does not continue to do so. It is in the balance folks and 1.2500 is very much in the crosshairs now this morning. The GBP/USD is right now at 1.2508
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