The GBP is getting Pounded
The British Pound is a victim of USD strength today on the heels of higher US Treasury yields and is one of the worst performers on a relative basis. The GBP has violated support afforded by the Standard Pitchfork (gold P1-P3) Lower Parallel (yellow circle).The GBP is in danger of violating support afforded by the newly drawn Schiff Modified Pitchfork (…
The Market's Compass
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Text source: The Market's Compass Technical View
