GBPUSD – British Pound To Continue Its Downtrend?

GBPUSD – British Pound To Continue Its Downtrend? Key Highlights British Pound weakened a lot vs the US Dollar recently and traded below the 1.4500 support area. There was a support trend line on the hourly chart of the GBPUSD pair, which was broken during the downside move. In the UK today, the PMI Construction will be released by the Chartered Institute of Purch...
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GBPUSD Buyers Surrender; Can it Recover?

GBPUSD Buyers Surrender; Can it Recover? Key Highlights             British Pound traded lower during the past couple of sessions against the US dollar and dropped towards 1.4660. There are a couple of bearish trend lines formed on the hourly chart, which may act as a resistance moving ahead. Today, the UK PMI Construction will be released by the Chartered...
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