GBP/USD Remains in Bearish Trend after Hawkish “Powell”

<p><img width="612" height="394" src="https://www.actionforex.com/wp-content/uploads/2018/07/f-gbp77-e1600274990498.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/07/f-gbp77-e1600274990498.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/07/f-gbp77-e1600274990498-600×386.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>So, the USD turned up recently as investors again looking to sell it as Powell signaled that more hikes can be needed in the future, but it will depend on the data. As a result, US yields stabilized and stocks hit resistance while DXY comes higher and can still target the pre-NFP levels. This can […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/526915-gbp-usd-remains-in-bearish-trend-after-hawkish-powell/">GBP/USD Remains in Bearish Trend after Hawkish “Powell”</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>