Downwards trendline keeps GBP/USD sellers in check on the way down - ConsultFX

Downwards trendline keeps GBP/USD sellers in check on the way down

Lows today touched 1.2842 before moving higher ForexLive And that coincides with the downwards trendline formed from May as shown above. The channel highlighted continues to define the lower highs and lower lows pattern in the pair and until that breaks, it remains very much a bearish case for cable still.