GBP/USD path of least resistance may be down after the jump

The GBP/USD soared on the optimism in Brexit talks after a long standstill. The pair topped 1.3000. What’s next? Resistance lines look more substantial than support ones. The Technical Confluences Indicator shows that a considerable cap awaits at 1.3057, where we see the convergence of the Bolinger Band one-day Upper, the Fibonacci 23.6% on-month, and the Simple Moving Average 50 […]

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