GBP/USD Technical Analysis:

GBP/USD rebound from 1.1980 continues. there is a strong resistance at 1.2470 -1.25530 and after that in 1.2774 to limit upside at 1.31-34 price area. On the downside, below 1.2188 minor support will turn bias to the downside for retesting 1.1946 low
In the big picture There is no sign of bottoming, only break of 1.34-37 resistance will confirm medium term bottoming. Otherwise, outlook will remain bearish.

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