GBP/USD Bearish Trend Takes Hold Amid US Dollar Strength
The GBP/USD currency pair has been in a familiar pattern of rewarding traders who buy dips, but this is starting to change as the US Dollar remains strong.
This shift in market perception may be due to technical changes and the fact that Sterling is no longer one of the stronger major currencies.
Adam Lemon notes that the GBP/USD looks like it will respect technical factors, making it an interesting pair to trade now.