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GBP/USD: Bearish Trend Intact

Discussion in 'Technical Analysis' started by Kaitlin, Jan 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Cable erased all daily gains on Tuesday, plunging towards the cluster around 1.4150, as the BoE Governor's remarks ruled out the possibility of an early interest rate hike. Today, however, we should see the Sterling rebound and retake the 1.42 level. A strong resistance cluster is located around the[​IMG]

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