Technical analysis:
GBP/USD has been trading downside this morning and I see extreme intraday reading and potential for the upside rotation.
Trading recommendation:
Due to the potential selling climax in the background and strong support ont he test at 1.2300, I see potential for the upside movement.
Watch for the potential buying opportunities with the upside objective at 1.2360.
Stochastic oscillator is showing oversold condition and potential for the rally.
Key support is set at the price of 1.2300