GBP/USD: A good attempt at the upside - FXStreet

FXStreet (Barcelona) - Valeria Bednarik chief analyst at FXStreet explained that the Pound extended its recovery against the greenback but the still comes with a bearish bias.

Key Quotes:

“The short term upward momentum however has not been so far enough to push price above Friday’s opening level with the pair having retraced just half its losses”.

“A retracement down to 1.6000 on the other hand, should keep the risk to the downside looking for a retest of 1.5950, past week low”.