Technical analysis:
GBP/USD has been trading upside this morning and I found that correction is in the progress.
Key resistance zone for the GBP/USD is set at price of 1.2 and 1.2010
Rejection of the key resistance zone may indicate further downside continuation.
Stochastic and MACD oscillators are showing upside reading and that is another confirmation that upside correction is in progress.
In case of the further downside movement without testing the key resistance zone, next downside objective is set at 1.1920
