GBP/USD: Bears Hold Grip But Likely to Take a Breather Ahead of Key US Data

<p>GBPUSD bears are pausing on Monday after last week’s 1.2% fall, as oversold daily studies slowed the pace of fall, which registered the strongest acceleration last Thursday. Consolidation was so far narrow, as the sterling remains weighed by strong dollar and overall bearish near-term structure. Strong negative momentum on daily chart and MA’s in bearish […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/516245-gbp-usd-bears-hold-grip-but-likely-to-take-a-breather-ahead-of-key-us-data/">GBP/USD: Bears Hold Grip But Likely to Take a Breather Ahead of Key US Data</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>