Cable rises above 1.44, nears complete retracement of Friday decline

Discussion in 'Technical Analysis' started by ForexLive, Feb 1, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    GBP/USD up 156 pips to 1.4400 The pound has had a steady bid since the start of US trading and that has continued in the past hour as it breaks above 1.4400. The high late last week was 1.4413 and a break above it could hit some buy stops and signal a short-term bottom.

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