GBP/USD Trades Below Convergence of Two Major Resistances
GBP/USD has rebounded since 16th January, trading above the downside short-term major uptrend line support. However, the bullish momentum has waned since early February, as a result of the strengthening of the dollar. On Tuesday 14th Feb, the uptrend line support was broken after the Fed Chair Yellen’s hawkish testimony. The support has turned into […]