• GBP/USD edges higher on soft US Dollar, climbs above 200-DMA.
• If buyers reclaim 1.2600, look for a test of 1.2700 in the near term.
• Once the pair tumbles below 1.2500, look for a drop toward 1.2445 and 1.2299.

The Pound Sterling gains traction against the US Dollar and climbs above the 200-day moving average (DMA) of 1.2541 in early trading during the North American session. At the time of writing, the GBP/USD trades at 1.2566, up by 0.36%.