equities are clearly biased towards going higher
The recovery - after May's "Hard Brexit"-Speech and the following break down of GBPUSD to 1.19 - went from 1.19 up to 1.279 (the Post Brexit Low) which holds as strong resistance now. Then on December 15th, we broke the short term upwards trend which generated a lot of bearish momentum. Additionally, We broke 1.23 yesterday which adds to negative momentum....