GBP/USD Price Heading to New Lows Ahead of US Data

  The US data should bring high action in GBP/USD.  The selling pressure is high after taking out the uptrend line.  A new lower low activates a larger drop.  The GBP/USD price slumped today, trading at 1.2384 while writing. It has ended its temporary rebound and seems determined to approach new lows.  –Are you interested … Continued The post GBP/USD Price Heading to New Lows Ahead of US Data appeared first on Forex Crunch.

GBP/USD Price Heading to New Lows Ahead of US Data

  The US data should bring high action in GBP/USD.  The selling pressure is high after taking out the uptrend line.  A new lower low activates a larger drop.  The GBP/USD price slumped today, trading at 1.2384 while writing. It has ended its temporary rebound and seems determined to approach new lows.  –Are you interested … Continued

The post GBP/USD Price Heading to New Lows Ahead of US Data appeared first on Forex Crunch.