GBP/USD is testing critical support on the hourly chart

GBP/USD Price Analysis: Bears eye a trip to 1.3450 as per weekly chart

GBP/USD is testing critical support on the hourly chart. The weekly W-formation is compelling as risk-off takes hold in the open. Bears can move to a lower time frame in order to gauge for an optimal entry point from where the neckline can be bagged for profit.

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GBP/USD Weekly Forecast: Sterling set rebound with help from the Fed, ignoring Boris’ travails

Fear has finally arrived – inflation, aggressive policy from the Fed, China’s slowing economy and Russia’s potential military action. Everything supported the safe-haven dollar and contributed to a much-needed correction in the pound. The Fed decision is now in the limelight. 

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