GBP/USD: recovery out of sight with lower oil
GBP/USD is failing on the recovery attempts and is capped by the descending 4hr 20 sma resistance at 1.4577.
The greenback has garnered safe haven flows while sterling is on the back foot with rate hike prospects being pushed back month over month this year. This week will come with the BoE meeting and minutes,...
This pair was moving to the UP side very nicely but as we can see the prices recently are not touches its upper trend line so it is indicating that pair is losing its bullish strength ...
