GBPUSD Daily Analysis

The GBPUSD short term trend remains down, but trade is fighting to hold and rebounded off the 1.2376 target. Market action alerts for a potential bottoming turn. We may see dips around 1.2376, but a close under 1.2360 is needed to renew bear pressures. A close over 1.2500 alerts for a short term bottoming turn. 

Resistance 2     1.2502
Resistance 1     1.2460
 
Support 1          1.2416
Support 2          1.2370