GBPUSD stalls at key resistance today. Consolidates. - ConsultFX

GBPUSD stalls at key resistance today. Consolidates.

What stalled the rally? The GBPUSD has moved sharply higher today after trading at the lowest level since November 3, 2017. The fall yesterday took the price below a lower trend line on the daily chart (see daily chart below).  That trend line break, took the price to a low of 1.3049.