Technical analysis:
GBP/USD has been trading downside and the price has reached strong support at the price of 1.2100. I see potential for frutehr growth.
Trading recommendation:
Due to the test and rejection of the key support at the price of 1.2100, I see potential for further growth.
Watch for the potential buying opportunities with the upside objectives at 1.2222 and 1.2265
Stochastic oscillator is showing oversold condition, which is good sign for further upside movement.
Key support is set at the price of 1.2100