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FPMarkets

GBP/USD Engulfing Clear Support!

Short
British Pound / U.S. Dollar (FPMARKETS:GBPUSD)  
FPMarkets Broker Updated   
FPMARKETS:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Technical Indicators
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trendanalysis harmonicpatterns indicator
Amidst a dovish repricing, according to the OIS curve, sterling is on the back foot against the majority of its G10 peers ahead of the US cash open, currently down -0.5% versus its US counterpart.

With key support on the verge of breaching, this could lead to further downside in the currency pair!
Comment:
The support confluence highlighted in yesterday's video appears to be doing its job: holding firm for the time being.
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