GBP/USD: Bulls need to surpass 1.3950 to get out of the woods, why it is unlikely

GBP/USD has been recovering as the US dollar retreats alongside yields. Biden’s stimulus and an upcoming US auction will likely send the dollar back up. Tuesday’s four-hour chart is showing bears are still in the lead. The royals have more damage control to do than GBP/USD bulls, who are able to lift their heads by [...] The post GBP/USD: Bulls need to surpass 1.3950 to get out of the woods, why it is unlikely appeared first on Forex Crunch.

GBP/USD: Bulls need to surpass 1.3950 to get out of the
woods, why it is unlikely
GBP/USD has been recovering as the US dollar retreats alongside yields. Biden’s stimulus and an upcoming US auction will likely send the dollar back up. Tuesday’s four-hour chart is showing bears are still in the lead. The royals have more damage control to do than GBP/USD bulls, who are able to lift their heads by [...] The post GBP/USD: Bulls need to surpass 1.3950 to get out of the woods, why it is unlikely appeared first on Forex Crunch.