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GBP/USD falls to test 1.2650 right now

Yesterday morning an update here noted that the GBP/USD was still capped at 1.2700 and since that update, it has remained the case. Looking at the chart of the price action you will see the GBP/USD stalled 7 times around 1.2695 before finally throwing in the towel. The GBP/USD closed in the US last night at 1.2685. It has fallen back further this morning, as the wider dollar gains unfold and the EUR/USD edges closer to 1.08 while the USD/JPY recovers towards 150.75. The GBP/USD is right now setting fresh session lows, as it tests 1.2650 
 

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