GBPUSD Chart Technical Outlook trades Down toward 1.2390 on subdued sentiment
GBP/USD’s recent bias is bearish. Prices trade in a falling regression channel. Risk sentiment is subdued due to geopolitical tensions and a hawkish Fed. Retail sales data from the UK this morning showed less-than-expected figures. More downside price action is expected, and any rally should be corrective and short-lived. The calendar is light for the rest of the day.
Resistances: 1.2465, 1.2495
Supports: 1.2390, 1.2360
