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GBP/USD holding rebound above 1.26 so far today

The noted slide back in the GBP/USD did see it come pretty close to a test of its 200 day moving average yesterday. That was in place then at 1.2565 and is unchanged today. The low seen yesterday afternoon was set at 1.2572, as covered in an update here at the time. The pound later rebounded into and after the 4pm London fix and later closed in the US at 1.2617. It has gained a little more so far today, rising from a session low at 1.2612, to 1.2630 a moment ago. Technical support remains in place at 1.2565 and resistance is in place right now at 1.2676, should this rebound extend further. The GBP/USD is currently trading at 1.2627
 

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