Pound Sterling Price News and Forecast: GBP/USD stays on the front foot inside a bullish chart pattern
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GBP/USD Price Analysis: Pokes fortnight-old hurdle below 1.2050 inside falling wedge
GBP/USD buyers attack a two-week-old resistance line while extending the previous day’s run-up to Friday’s Asian session. That said, the Cable pair picks up bids to 1.2030 after rising the most in nearly three weeks. In doing so, the quote remains inside a two-month-long falling wedge bullish chart pattern.
GBP/USD outlook: Bears are pausing but need sustained break above 1.20 to generate a reversal signal
Cable bounces on Thursday and probes levels above 1.20, after regaining traction on UK political news. The top news of the day was a resignation of British Prime Minister Boris Johnson, who decided to step down after most of the ministers from his cabinet already resigned.
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