Support points have tumbled and cable drops under 1.2500

GBP racks up near 10-big figure loss since Sept's 1.3434 2024 high

So far the market has defied over sold values for RSI and slow stochs

Negative fourteen day momentum also looks stretched

The squeeze from 1.2475 to 1.2525 will ease some tension

However, current bearish bias points to a test of the 1.2446 low from May 9

GBP/USD trader TGM2338

For more click on FXBUZ