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GBP/USD fading further away from the 1.5738 key resistance

FXstreet.com (Barcelona) – GBP/USD appears very vulnerable despite the DXY weakness we have seen in the last couple of months. Only a break back above 1.5738 will negate this bearish condition.

GBP/USD traders watching Syria as well as Carney’s speech to Parliament Wednesday

Aside from the goings on between Britain’s ally, the United States, and Syria, GBP/USD traders will be watching closely when the Bank of England’s Mark Carney speaks to Parliament on Wednesday at 11:45 GMT.

Technical outlook for GBP/USD

Technicians are still calling for GBP/USD to move down towards the ultimate target of 1.4551. …read more