GBP/USD: The Pair Still Retains some Level of Dovish Bias

GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The pair still retains some level of dovish bias which began yesterday when rally driven by USD rebound finally put an end to GBP’s recent streak of a sharp bullish rally. The pair fell below 1.30 handle but rebound back above 1.30 handle and is currently holding firm around the 1.305 mark as US consolidated post short rebound. Traders now await US data for short term profit opportunities. 

Please feel free to share your thoughts with us in comments below. 

Was this post helpful?