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British Pound Forecast: GBP/USD Eight-Week Breakdown Testing Support
The British Pound marked an eighth-consecutive weekly decline on Friday with GBP/USD now off more than 7% from the September/ yearly high. A break of the yearly uptrend takes Sterling into the fist major support hurdle and the focus is on possible inflection off this zone into the close of the month. These are the levels that matter on the GBP/USD weekly technical chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling setup and more. Join live on Monday’s at 8:30am EST. Technical Outlook: In my last British Pound Weekly Forecast we noted that GBP/USD was approaching support at ... (full story)