- The pound is losing ground modestly throughout the market.
- GBP / USD cuts streak of four days in a row with rises.
The GBP / USD is losing ground on Thursday after having risen during the previous four trading days. It has just set a new low for the day at 1.3324, and is trading just above it with a clear bearish bias.
Hours ago the pound approached the 1.3400 area, but again lost momentum and undertook a downward correction. The aforementioned area has become a strong and key resistance, which if exceeded would enable more rises, but for now it is limiting progress.
The pullback does not yet put the short-term bullish bias at risk. Below 1.3300, the next support is seen at 1.3280 and 1.3190 (20-day moving average).
The Thursday the British currency is also falling against the euro. The lack of a Brexit deal is starting to affect. The expectation that an understanding will be reached between the United Kingdom and the European Union remains dominant, but not all the differences will be settled, and time is passing.
The dollar presents mixed results Thursday. It found support in the face of a correction in stocks throughout the world. Today operations are down for the US holiday.
Technical levels
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