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    HomeContributorsTechnical AnalysisGBPUSD: Selling Pressure

    GBPUSD: Selling Pressure

    ThinkMarkets
    By ThinkMarkets

    Bullish momentum is fading after the Sterling reached the major resistance 1.4080.

    On the 4H timeframe below for GBPUSD, the pair rebound from the resistance levels as shown. Most probable scenario a test for the support at 1.3950.

    ThinkMarkets
    ThinkMarketshttps://www.thinkmarkets.com/
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