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GBP/USD Attempts Rebound But Faces Strong Dollar, BoE Monetary Policy

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBP/USD attempted to rise on Monday from its brand new 5½-year low slightly below the 1.4500 support target, but a strengthening dollar prevented any substantial rebound for the currency pair. Since the beginning of the year last week, GBP/USD has suffered a sharp drop that has continued its steep plunge[​IMG]

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