British Pound Technical Analysis: GBP/USD Pullback Grinds Support

The British Pound has so far enjoyed a very strong start to the year, even as the country continues to grapple with lockdown-driven economic pressure. But, the pace of vaccine rollout has been encouraging, especially if compared to mainland Europe, and this has helped to drive some optimism through the British Pound. Against the US Dollar, the British Pound blew through a key price last week when launching above the 1.4000 psychological level. And bulls didn’t stop there, either, as buyers continued to push all the way up to 1.4243, where price action began to pullback ahead of the 4250 psychological level. Since … (full story)

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