One-month lows for GBP/USD at 1.2393: modest recovery to 1.2415

Diverging Central bank outlooks shaping the cable market

Optimism over a breakthrough in U.S. debt ceiling talks also leaning on GBP

Economic data reducing U.S. rate cut speculation in the Friday mix too

GBP/USD close under previous day's 1.2422 low opens up 55DMA at 1.2361

Big support points could prompt a short squeeze

A 38.2% Fibo below at 1.2345, off the 1.1805-1.2679 climb

Daily Ichimoku cloud top is at 1.2337

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