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GBP/USD stalls above1.2450 and slips below 1.2400 again

Earlier this morning the GBP/USD tried to vault the 1.2450 marker again. It had tried that last night and stalled right on the level, with a US close at exactly 1.2450. The high prior to that close was set at 1.2455. The high seen earlier this morning was set at 1.2454, right at the start of the Asian session and since then it earlier traded down to 1.2380. A more recent rebound during the European session blew out at 1.2437 not that long ago. Since then it has just now dropped back under the 1.24 handle again. The lines of demarcation look pretty clear right now- 1.2380 to 1.2455 and in between that there is noting of much conclusion to be honest. The dollar has also gained back some lost ground versus the Euro just now, but more on that in another update. The GBP/USD is right now at 1.2399 
 

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