The GBPUSD had a bearish momentum yesterday bottomed at 1.2373. The bias is bearish in nearest term testing 1.2340 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2425. A clear break above that area could lead price to neutral zone in nearest term testing 1.2475 area. On the downside, a clear break and daily close below 1.2340 would expose 1.2250 region. Overall I remain neutral.