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GBP/USD is attempting to break back to the downside. There is a lot going into the mix and geopolitics are front and centre. GBP/USD is holding tight in somewhat bearish territory below 1.35 the figure. At 1.3480, the price is tinkering on the edge of another run to the downside having already fallen from 1.3490 to print a low of 1.3473.
DXY remains sidelined after failing to cross short-term key resistances. Six-week-old descending trend line, 50-DMA guards immediate upside. Bullish MACD signals keep buyers hopeful aboe crucial Fibonacci retracement levels, 100-DMA. US Dollar Index (DXY) struggles to extend the previous day’s run-up around a fortnight high, taking rounds to 92.90 during early Tuesday.
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