GBP/USD: Oversold conditions set to pause pound’s pounding, probably only temporarily

GBP/USD has been extending its falls amid Brexit and coronavirus concerns. US fiscal stimulus talks and further political developments are eyed. Wednesday’s four-hour chart is pointing to significantly oversold conditions. “This does break international law” – That confession by Brandon Lewis, the UK’s Northern Ireland Secretary, adds fuel to the Brexit fire and pushing the pound […]

The post GBP/USD: Oversold conditions set to pause pound’s pounding, probably only temporarily appeared first on Forex Crunch.

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