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GBP/USD Attempts To Retake 1.46

Discussion in 'Technical Analysis' started by Kaitlin, May 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound retreated from its intraday gain on Tuesday, weakened by the UK Manufacturing PMI, with price ultimately closing with a 138-pip loss. Even though technical indicators retain bullish signals in the daily timeframe, the GBP/USD currency pair risks sustaining another sharp decline today. In this case the exchange[​IMG]

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