GBP/USD FULL ANALYSIS: Fib level and flows point lower

TECHNICALS:

Daily: Resistance at 1.2450 - 1.2500 that would take a strong sell-off (unlikely) in USD to break. Current levels align with the 61.8% Fib level as well.

1-hour: Bearish RSI divergence and selling pressure emerging this morning.

FLOWS: Very bearish on GBP

NEWS THEMES: Negative Brexit headlines could push the pound lower.

CORRELATIONS: Yield differentials point lower.