Our calls for extended British Pound/US Dollar rallies came to fruition through Friday’s forex trading, and the GBPUSD may yet continue to bounce through near-term price action.
Yet today’s extraordinary intraday reversal suggests that the pair may correct before continuing to the topside, but our bullish bias remains intact on a hold of recent lows at 1.7445. Discuss the GBPUSD with other forex traders in our forex forum.