arifinekonomianto

Sustained USD selling bias assisted GBP/USD to build on last week’s strong positive move. The positive momentum seemed rather unaffected by renewed fears of a no-deal Brexit. Investors now look forward to the US Durable Goods Orders data for some trading impetus. The GBP/USD pair built on last week

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GBP/USD continued scaling higher amid the prevalent selling bias around the USD. Growth concerns, fiscal impasse, declining US bond yields undermined the buck. Extremely overstretched conditions on short-term charts warrant caution for bulls. The GBP/USD pair pulled back a bit during the first half