GBP/USD Forecast: Bearish break on hourly chart, still risk of a rebound

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Asian desks punished Sterling after influential London Mayor joined Brexit group and shall now ask Briton to vote in favor of EU exit. Cable fell to a low of 1.4243 in Asia before recovering to 1.43 levels. However, European desks offered Sterling as well, pushing the GBP/USD pair to a low of 1.4154. Risk of a rebound exists Usually equities are the one which are worst affected by geopolitical drama like Brexit. However, FTSE has been remarkably resilient. In Asia, the FTSE futures were calling

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