GBP/USD Fights Resistance as Gold and Oil Prices Weaken
The GBP/USD currency pair experienced a decline towards 1.3200 before the bulls emerged to counter the downtrend.
A bearish trend line is forming on the 4-hour chart with resistance at 1.3290, close to the 23.6% Fib retracement level of the downward move from the 1.3568 swing high to the 1.3204 low.
Gold prices weakened and traded below $4,200, while WTI Crude Oil started a consolidation phase below $100.00.