$GBPUSD Forecast: Bears could wait for a correction to 1.3140 by eren_fxstreet forex trading
utlook suggests that the pair could extend its recovery but sellers are likely to retain control unless 1.3140 resistance fails.
Although the dollar rally lost its stream on retreating US Treasury bond yields in the second half of the day, GBP/USD ended up losing more than 100 pips on Monday, reflecting the negative impact of Bailey's comments on the British pound. On the upside, 1.3100 aligns as the first technical resistance. With a four-hour close above that level, the next recovery targets could be seen at 1.3140 and 1.3160 .Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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