Short if price is still below 1.3680
GBP/USD is holding the lower ground below 1.3650, as the US dollar rebounds amid a spike in Treasury yields
=> The pullback from the DMA200 - 1.3740 and the breakdown of the ascending trendline at 1.3680 have motivated the bears to return to the market. Next targeted area 1.3600 and 100-DMA 1.3550.
=> Besides, the bullish force of the British Pound is still there, the buyers are still observing important support areas like 100 DMA - 1.3550. If the dollar's upward force is halted, creating a good signal for the buyers that this army will return to hold the market.
=> The pullback from the DMA200 - 1.3740 and the breakdown of the ascending trendline at 1.3680 have motivated the bears to return to the market. Next targeted area 1.3600 and 100-DMA 1.3550.
=> Besides, the bullish force of the British Pound is still there, the buyers are still observing important support areas like 100 DMA - 1.3550. If the dollar's upward force is halted, creating a good signal for the buyers that this army will return to hold the market.
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