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The GBP is getting Pounded

The British Pound is a victim of USD strength today on the heels of higher US Treasury yields and is one of the worst performers on a relative basis. The GBP has violated support afforded by the Standard Pitchfork (gold...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

The GBP is getting Pounded

The British Pound is a victim of USD strength today on the heels of higher US Treasury yields and is one of the worst performers on a relative basis. The GBP has violated support afforded by the Standard Pitchfork (gold P1-P3) Lower Parallel (yellow circle).The GBP is in danger of violating support afforded by the newly drawn Schiff Modified Pitchfork (…

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This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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