In this video, the Trading Central looks at the currency pair GBP/USD for the March 2nd session.
GBP/USD — Looking at the intraday 30-min chart, the pair remains capped by a declining trendline, which is in place since last Tuesday. It also remains under pressure below the declining 50-period Moving Average. Further weakness is expected below the strong horizontal resistance at 1.2340. The first target is set at 1.2260 and the next target is at 1.2230.