Somrat4030
Member
GBP/USD is continuing to struggle to climb above the support line of a downward-sloping channel on the daily chart that has been in place since April 16 and that support line now increasingly looking like resistance, suggesting that once the current period of consolidation is over, GBP/USD will fall further.
This failure to rally has come against some optimism that the Omicron variant of Covid-19 will fail to cause as much damage as once feared.
This failure to rally has come against some optimism that the Omicron variant of Covid-19 will fail to cause as much damage as once feared.