GBPUSD Chart Technical Outlook needs a benight US inflation reading to extend its recovery beyond 1.2615.
The Pound has been trading within an ascending triangle after bottoming below 1.2500 last week. This figure has an eventual positive outcome, but US PCE Prices Index data, later today needs to be supportive.
All eyes today are on US inflation figures, that will set the USD direction ahead of an extended Thanksgiving weekend. If inflation prices do not surprise on the upside, the pair might break above the triangle top, aiming for the 1.2700 area. Supports are 1.2480 and 1.2445.
