The Sterling has been resilient some treating it as a safe haven amidst uncertainty in the Eurozone. It has been sliding against the USD, but not as much as other currencies such as the EUR or AUD. The 4H chart shows the market holding above the 200 simple moving average. It is also important to note that the pair holds a bullish stance unless it breaks below 1.60 and the rising trendline that goes back to the 2012 low of 1.5240 established in January. Whatever strength GBP has is however dominated by the strength in the USD due to risk aversion. But if the current bout of risk aversion to start this week does not ... (full story)