Good evening. I am not ready to comment on why the market is interpreting positive news for the US dollar negatively today, perhaps I am missing something, but the US dollar is not just declining in the market, but essentially plummeting. As a result, the euro and the pound are rising, with the latter practically shrugging off all the recent efforts of the bears, when they significantly lowered the price from the resistance at 1.3010, where the current local maximum of the pair is located, down to 1.2870. Now, the price of GBP/USD has returned to test the resistance at 1.2985, which is the last outpost on the bulls' path to the level of 1.3000 and an attempt to enter the 30th figure. If it is broken, then the bulls will return to the area of highs of this currency pair and may strive not only to enter but also to consolidate in the 30th figure. There are still chances for a rebound and a decline in GBP/USD at least halfway from the current growth wave to the support area of 1.2940, but the time for the bears to do this is extremely limited. There is no point in mentioning technical indicators at the moment - there is a news-driven movement, and technical analysis is not effective.
