The British pound failed to hold onto its recent upside momentum against the US dollar last week, with sterling reversing sharply from the 1.2500 level. GBP to USD analysis shows that the 1.2150 level is a major technical area to watch this week. Sterling failed to hold above the 1.2500 level last week as traders moved back into the safety of the greenback, amidst a wave of new global coronavirus infections. GBP/USD technical analysis shows that the 1.2150 level is likely to act as a major pivot point for the pair this week. If bulls can successfully defend the 1.2150 level, the GBP/USD pair could bounce back towards ... (full story)