GBP/USD bears seeking a break of critical support

GBP/USD Price Analysis: Bears seeking a break of critical support

GBP/USD is making tracks to the downside and the bears will be seeking a continuation of the weekly chart as illustrated below. However, the price is trapped between daily resistance and support structure as the following shows. Read more…

GBP/USD Forecast: Additional losses likely with a violation of 1.2480 support

GBP/USD has continued to edge lower toward 1.2500 early Thursday after having registered modest losses on Wednesday. The pair stays within a touching distance of the critical 1.2480 support and sellers could take action if that level turns into resistance. Read more…

GBP/USD has lost its recovery momentum, how low can it go?

The British Pound is retreating for a second day, returning below the 1.25 level, failing to build on the positive momentum at the start of the week. The pressure appears to be driven by rising government bond yields in global markets, starting with but not limited to the US. Read more…

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