Technical Analysis – GBPUSD bearish signals strengthen within descending channel

GBPUSD could not sustain its recent rebound as the upward line of the descending channel proved hard to break, with the bears leading the price slightly below the the key barrier of 1.1986 and to new 31-month lows on Tuesday. Technically, the negative momentum could stay in play in the short-term as the bearish signals have strengthened […]