GBPUSD offered shorts an entry at 1.2498 early this week, but markets point to a more appealing risk-reward in the coming days. Get the details in today’s video, and see why the US Dollar Index (DXY) is pulling back today. GBPUSD is consolidating this week following last week’s selloff that took the pair below 1.2500 support. As mentioned in Saturday’s forecast video, 1.2500 flips to resistance. That’s an area of GBPUSD resistance between 1.2500 and 1.2535. So far, we’ve seen a retest of 1.2500, specifically the 1.2498 level I shared last weekend. However, the DXY has come into channel resistance this week, along ... (full story)