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GBP/USD attempts to bounce back from the down-trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD flat-lined, hovers around 1.0975 “People are just in wait-and-see mode and are not quite willing to put on fresh positions there. In their [ECB] last big statement, they didn’t deliver what the markets were expecting.” - Bank of New Zealand Ltd. (based on Bloomberg) Pair’s Outlook For a second day the most traded FX cross remains largely stuck in between the weekly pivot point and weekly R1 at 1.0975. The distance towards both technical levels amounts to 40-45 pips

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