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  1. GBP/USD: weekly correction to the bearish reversal

    by , 05-29-2018 at 09:41 AM
    The bearish move in the British Pound has continued into another week. After displaying a semblance of support around the key level of 1.3500 in the first couple of weeks of May, GBP/USD posed a downside break at the start of last week to continue the move, and with a heavy outlay of UK data on the calendar, the potential for a deeper bearish move was there.

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    At this point, we've seen a bit of support show-up in a familiar area. The zone ...