GBP/USD Forecast: Bearish break on charts, Eyes 1.48

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to an intraday low of 1.4865 levels on Thursday as the markets continue to build fresh long USD positions after Fed surprised investors with its hawkish Dot Chart. Sterling spiked from 1.4938 to 1.5002 levels in Europe in anticipation of a rebound in the UK retail sales, but failed to find takers even though the rebound was much higher than the market estimates. The pair took out 1.48595 support as expected in the scenario study report ( Macro Scan ), but has recovered to

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