GBP/USD under pressure after closing below 1.2600 handle

Extended sell-off post lower US jobless claims, rally in DXY weighs

Further stops in GBP eyed, with models still touted long

DXY last at 104.19, enroute towards 104.50 test next

GBP/USD last at 1.2573-77, traded between 1.2572-1.2606 range in Asia so far

Short dates moving averages heading south, adding to bearish set-up

Higher UST yields to close gap with UK yields - add to pressure in GBP

Pair now have legs towards 1.2398 200dma, 1.2306 May 25 low

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