GBPUSD Chart Technical Outlook corrects lower toward 1.2500 on soft UK inflation GBP/USD has been on a rollercoaster these days. Strong Employment and Wages data yesterday pushed the pound higher, followed by strong US inflation figures, pushing the pair lower. This morning, inflation data from the UK surprised lower, adding extra downside pressure on prices. Price trade within a corrective bearish channel. There is room for more losses toward the channel support. Resistances: 1.2640, 1.2750 Supports: 1.2500, 1.2450
