The GBPUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.2450. A clear break below that area could trigger further bearish pressure testing 1.2400 – 1.2380 region. Immediate resistance is seen around 1.2523 (yesterday’s high). A clear break and daily close above that area would expose 1.2580 – 1.2600 area. Overall I remain neutral.