FXstreet.com (Barcelona) - The Pound is falling against the USD along the today's American session. The pair has fallen from 1.4735 to 1.4513. Currently, the pair is trading around 1.4435/55.
The GBP/USD rose from the 1.4550 to reach today's high at 1.4735 after the Geithner's comments on SDR global currency. The Pound rally was capped at 1.4735 and the pair begun to falls to its initial levels below 1.4550 and reach the 1.4513, today's minimum.
According to Valeria Bednarik, FXstreet.com collaborator, the pair is gaining bearish momentum: The pair change bias after breaking the 1.4660 inflection zone, and is slowly gaining bearish momentum. Indicators point for further selling here, yet the ascendant trend line around 1.4542 should be broken to confirm such continuation. 20 SMA remains above actual price and turning down