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GBP/USD Forecast: adding to a bullish case

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound rallied overnight up to 1.4443, a fresh 3-week high, but once again, selling interest on spikes capped the rally, with the pair shed over 100 pips after the release of the UK Construction PMI down to 55.0 in January from 57.8 in December, the weakest reading in nine month. Anyway the pair has managed to bounce from 1.4325, slowly adding to the bullish case seen earlier last week, yet to be confirmed. Technically, the 4 hours chart shows that the price has managed to

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