GBP/USD Forecast: aiming to retest the 1.4804 low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound is once again under pressure during the European session, down against the greenback to 1.4867, after advancing up to 1.4912 during Asian hours. There were no news in the UK this Tuesday, although the US will release some interest figures later today, including the December consumer confidence data. In the meantime the GBP/USD pair maintains its bearish tone, as the 4 hours chart shows that the price is currently extending below its 20 SMA, while the technical

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