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GBP to USD: Bulls need to defend 1.2800 level
The GBP/USD pair extended its recent bearish correction last week as traders started to once again focus on Brexit developments. GBP/USD forex analysis shows that the 1.2800 level is now acting as a key support and may prevent the pair from turning bearish over the medium-term. GBP/USD medium-term price trend GBP to USD technical analysis shows that the pair remains technically bullish, indicating that the GBP/USD pair is still attractive to buy on technical pullbacks. Furthermore, the recent pullback in the GBP/USD pair may help to complete an inverted head-and-shoulders pattern on the daily time frame. Sustained ... (full story)
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