GBP/USD has been wandering up and down in recent weeks, stuck in a wide consolidation. The bears seem to be having the upper hand now, but can their gainful series continue? Let's examine the chart's standing this very moment. GBP/USD has extended losses for the third session running, hinting at the bulls' strength. Or rather, the lack thereof as the recent highs coupled with the upper border of the purple consolidation and the upper border of the green rising trend channel may be too strong for them. Today's downswing took the pair below the bullish gap created at the beginning of the week. Should we see the gap ... (full story)