British Pound Falls to Dangerous Support Area

From dailyforex.com

It's worth noting that the British pound has pierced the 1.2350 level. Breaking down below there is a very negative turn of events, but we have held on to that order to show signs of resiliency. Ten-year yields in America continue to spike, and that, of course, continues to drive the value of the U.S. dollar higher. With that being the case, and the fact that the United States is the only place you're seeing, like, along the lines of a strong economy when it comes to the majors, it makes sense that the U.S. dollar continues to be the only game in town. Short-term rallies I think are selling opportunities and it's ... (full story)