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British pound stays under downside pressure and it’s getting ready for a possible more weakness depending on today’s fundamental catalyst.
British pound bounced from the 50-day moving average and broke above 1.27 as the bulls are attempting to regain control.
In this GBPUSD technical analysis, the pair is strongly bullish while trading above the 1.2700 level. What is next?
The GBPUSD pair is heavily bearish while trading below the 1.2660 level following reports that British PM Theresa May could soon quit.
From the 5 December GBPUSD Fundamental Drivers Expectations, it is obvious that both the UK and the US are undergoing tough times. Learn More.