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Forex pairs in this Article » GBP/USD
FXstreet.com (New York) - The GBP/USD technical pair has been bogged down by negativity Tuesday throughout the majority of the day, which sought the stymie a recent recovery movement that promptly stalled at 1.5250.

At the time of writing, the GBP/USD is now operating at 1.5242, now incurring a sizable decline of -0.62% off its opening. Technically speaking, following a decline below support at 1.5266, the Mataf.net analyst team cites the next measure of correction at 1.5222.

GBP/USD strategic bias

According to the Technical Analyst Team at ICN.com, “The GBP/USD is showing a negative bias and Linear Regression Indicators supports the downside move. Till now, we should hold on to our positive expectations as the pair is stable above 50% correction at 1.5280 and Stochastic is trying to move from the oversold areas to the upside."
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