Technical analysis:
GBP/USD has been trading downside into the gap area (single prints) and the price action around this zone will be the the key to observe.
In case of the rejection of the support, I see potetnial for the further upside movement towards upside reference at 1.2500.
In case of the downside hold below the 1.2423, there is the chance for the further downside movement towards 1.2330
RSI oscillator is showing reading below 50, which is sign that sellers are in control.
