GBP/USD Forecast: Pound Sitting Just Above Support

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GBP/USD Forecast: Pound Sitting Just Above Support
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If your short-term range-bound trader, the GBPUSD could be a good market for you.

On the downside, if we were to break down below the 1.30 handle, then we may grind towards the 1.28 level underneath there.

Ultimately, this is a market that will have to make serious decisions rather soon, and as the Federal Reserve is very hawkish, that has been a bit of an anchor around the neck of the British pound itself. This is not necessarily an indictment on the pound, but more or less a sign of just how strong the US dollar is.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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