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GBP/USD Technical Analysis: Gains Stopped
Last Friday’s session, on the 31 January 2020, was the official date for Brexit. The pound got some gains against most of the other major currencies, as international markets waited 4 years for this date. The share of the GBP/USD rebound was to rise to the 1.3208 resistance, its highest level in nearly a month, and is stable around 1.3160 at the time of writing. As we mentioned before, we now confirm that the gains of the British Pound may soon evaporate during the months of the transitional period, during which there will be negotiations between the two sides of Brexit on the future of trade relations ... (full story)
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