• A shallow bear bias holding but ranges are tight

• Daily momentum studies are neutral

• Doji candles hint at market indecision

• We remain short and did see price drop to our 1.2880 entry Tues

• Recent range low at 1.2872 provides support below

• Trend resistance is at 1.2958 and March 27 high at 1.2992

• Despite back to back closes below, price is clinging to the 1.2927 10DMA

• GBP/USD Trading Page
GBP/USD daily candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)