The GBPUSD is holding below the resistance level I mentioned last week. The 1.3050/70 area is the intersection of the 2019 ascending channel as well as the trend line that extends from the November 2019 low. I wrote about this area on Friday and again on Sunday. The challenge for GBPUSD sellers this week has been that 1.2980 area, which has served as support so far this week. At least that was the case through Tuesday’s session. You can see how 1.2980 has been a factor since last October. However, notice how GBPUSD is now trading below 1.2980 intraday. The pair continues to come off that 1.3050/70 resistance area, ... (full story)