Pound is a master of a dead cat bounce

Open positions on the GBP/USD and the EUR/GBP according to the changes in global risk appetite The S&P 500 rally and the euro growth have proved the weakness of the GBP. The GBP/USD growth towards 1.23 was immediately used to enter shorts, looking again as a dead cat bounce. It is a popular Forex price pattern, which signals that the bulls are weak, they are trying to break the downtrend but fail. The problems of the sterling are obvious, and the fact that the situation is getting worse continues to be of concern.   There are three fundamentals factors suggesting selling...<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>