[GBP] Weaken Upward Momentum

GBP/USD 4-hour chart, source:forexfactory.com

Falling price of GBP/USD since Brexit poll rebounded in mid January and kept its upward trend. But its trend lost the momentum and step back in this month. The price fell below the trend line leveled off. Sterling attempts to rise again but it seems to break over the upward trend line hardly. The trend line act as a resistance line this time, I think. It may be hard to step over 1.2650.

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