GBP/USD in the hands of the bears
A move off the lows of $1.4350 seems to be petering out, which could afford shorts the opportunity to add to positions. Further downward momentum below $1.4350 would take the pair on to the 2 February low of $1.4320, and then on to $1.4230 and then $1.4150. It would take a move back through $1.45 to cancel out the bearish outlook.
- Andre markeder
- IG tjenester