Stiff support around 1.2480 has given way and the quid is heading south
A love is lost for the pound once again as we continue to undo the High Court jump from last week.
GBPUSD H4 chart
The next bracket of support is down at 1.2330/35 but expect to find some around 1.2350 also. Below there the 55 H4 ma supports the 1.23 big figure, with the 100 H4 under that at 1.2270. Today's a day for trying to grab a few pips off the stronger levels, what with all the election risk around.
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