GBP/USD Price Analysis: Bulls eye 1.2350, but weak hands could throw in the towel – by fx_ross GBPUSD Technical Analysis
that US rate hikes could be scaled back "as soon as December". GBP/USD took on 1.2300 and is showing signs of exhaustion on the charts as the following illustrates: The price has moved sharply away from the trendline support and has swept the liquidity, to some degree, above the early August highs. However, that is not to say that this rally is over and there are prospects of a move into the 1.2400 area of which would be expected to hold on initial tests and potentially cap the rally.
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