GBP/USD will continue to decline below 1.2325 unless it manages to stay above 1.2450.
In the 28 currency pair ranking, GBP/USD is extremely weak. Although there has been some recovery effort in the past 3 days, it will face selling pressure from resistance levels if it continues.
In the last 6 business days, the euro has continued to strengthen.
The pound has remained weak against the dollar for the past 15 days and in the medium term