The pound finds more love
Cable is feeling out 1.2500, coming 5 pips short at the first attempt. We've seen the level resist for the last week or so, so it might take a bit of work to get through.
GBPUSD H4 chart
That resistance has been seen from 1.2500 to 1.2515 so it will need to probably clear 1.2520 to shake out whatever's there. When we have seen a proper break, that's enabled the price to push on and subsequently find support there.
GBPUSD daily chart
This first attempt has been swatted back to 1.2480 and there's likely to be support now around yesterday's late high at 1.2460/70. That will need to be broken to break this rally, otherwise we'll be seeing another push towards 1.2500.
