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GBP/USD lifts closer to technical resistance so far this morning
Yesterday the GBP/USD just managed to print a trade above 1.2550, but it was unable to hold the gains and fell back to below 1.25 again after Trump poured cold water on the Washington Post article. The GBP/USD later closed in the US at 1.2520. Today it has been on the rise again and not long ago it lifted above the highs seen yesterday, when it reached 1.2563. The noted 21 day moving average resistance mentioned here yesterday was of course a bridge too far for the Pound yesterday, when in place at 1.2585. That is still falling and in place right now at 1.2574 and as noted here yesterday, the Pound has remained below this level since December 19. The GBP/USD is just now edging back from that earlier high, currently trading at 1.2548
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