Red line- resistance
GBPUSD is trading around 1.2265 way off its daily lows. Today's daily candle is so far promising for bulls. Price remains below the downward sloping resistance trend line and as long as this is the case, GBPUSD will remain vulnerable to more downside. Resistance is now at 1.2455. Support is at today's lows at 1.2160. Trend remains bearish as price continues making lower lows and lower highs.