The GBP/USD currency pair on Friday plunged to find support around the 1.3737 level following the latest round of UK data. The currency pair continues to trade within a descending channel in the 60-mn chart despite mounting a late rebound. The currency pair has now plummeted several levels below the 100-hour moving average following Friday’s decline. However, the late rebound prevented the pair from entering the oversold conditions of the 14-hor RSI. GBP/USD Fundamentals Overview: From a fundamental perspective, the GBP/USD currency pair is trading at the back of a relatively busy period in both markets. On Friday, ... (full story)