GBPUSD Chart Technical Outlook is correcting higher on a softer Dollar, the next resistances are 1.2765 and 1.2845.
The Pound has broken the negative structure and is trading higher, favoured by a softer US Dollar. The Trump trade that boosted the USD in early November has worn off and US Treasury yields retreated to one-month lows increasing pressure on the Greenback.
The US market will be at half throttle on an extended Thanksgiving weekend. The Pound might extend gains on the favorable risk sentiment, aiming for 1.2760 and 1.2845. Supports are 1.2650 and 1.2560.
