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GBP/USD edging lower so far today
Yesterday the pound felt the pressure from the rebound in the dollar and that saw the GBP/USD fall to 1.2263 after the European close. It did rebound, as the dollar fell back across the board later and the GBP/USD closed in the US at 1.2300. The price action so far today has been to the downside. The pound has dropped from an earlier session high at 1.2303, to 1.2272 and it is not far above that session low right now. Minor technical supports remain at 1.2263, 1.2249, 1.2207 and 1.2201. Topside resistance is 1.2301, 1.2312, 1.2326 and 1.2345. The GBP/USD is just now trading at 1.2275
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