Don't trust the cable bounce in a thin market

Discussion in 'Technical Analysis' started by ForexLive, Mar 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    GBP/USD shorts squeezed on a holiday The 125 pip rally in GBP/USD today just doesn't add up. It came after slight misses in US consumption and inflation. Sure means a smaller chance of a Fed hike in June but the difference isn't large and it could easily be wiped out by the rest of the economic data slate due this week (it's a big one).

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