GBP/USD Attempts To Settle Below 1.2900

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GBP/USD pulled back towards 1.2900 level as UK Mortgage Lending missed analyst estimates.

GBP/USD is moving lower as traders react to the weaker-than-expected Mortgage Approvals and Mortgage Lending reports from the UK.

If GBP/USD stays below the 1.2900 level, it will move towards the support at 1.2810 – 1.2830. RSI is in the moderate territory, and there is plenty of room to gain additional momentum in the near term.

GBP/USD 010425 4h Chart

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