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GBP/USD Technical Analysis: Confrontation with Bears
After the recent strength of the US dollar against the rest of the other major currencies, the bears faced a loss of momentum to move the GBP/USD currency pair below the 1.3060 support. The pair's gains in the past week were capped by testing the 1.3266 resistance, its highest in eight months, and settled around 1.3095 at the beginning of this week's trading. The failure of the negotiating round, as expected, between Britain and the European Union, supported the bears in their latest downward rebound. After that round, expectations of more losses in the pair increased in the coming days, according to a group of ... (full story)
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