GBP/USD holds within the ascending channel from last year as it retraces the decline from the start of the week, and the exchange rate may stage another attempt to test the August high (1.2842) as it snaps the series of lower highs and lows from last week. US Dollar Forecast: GBP/USD Rebounds within Ascending Channel: GBP/USD seems to be defending the advance following the Federal Reserve interest rate decision as it recovers ahead of channel support, but fresh data prints coming out of the US may curb the recent rebound in the exchange rate as the Non-Farm Payrolls (NFP) report is anticipated to show another rise in ... (full story)