GBP/USD Price Analysis: Bears pounce on the bulls and drag them back to channel support – by fx_ross GBPUSD Technical Analysis
The US dollar is back in the driving seat and cable is meeting channel support.
The price has dropped into the channel's support following Powell's pushback against rallying risk markets when pressed for commentary around the timings of a pivot. However, on a break of support, there is a void ofGiven the timings of the day, the most likely trajectory from here would be for a correction prior to the next impulse to the downside:
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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