BRITISH POUND PRICE FORECAST, GBP/USD, GBP/JPY, GBP/NOK – TALKING POINTS
GBP may continue to slip against US Dollar
GBP/JPY broke critical uptrend: what next?
GBP/NOK in store for a bearish correction?
GBP/USD TECHNICAL ANALYSIS
As outlined in my prior piece, GBP/USD formed what appeared to a be continuation pattern known as a Symmetrical Triangle. On January 31, the pair experienced an upside breakout which could have led to a bullish spike given the prior uptrend preceding the pair’s compression. However, the lack of follow-through demonstrated traders were not yet confident enough to climb higher.