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GBP/USD Forecast: Bearish monthly closing

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to a low of 1.5028 in holiday-thinned trade. Sterling repeatedly sought support around 1.5055-1.5060 last week, but also struggled equally to sustain above 1.51 handle. Finally, the support at 1.5055 was taken out on Friday following which the pair dropped to 1.5028 and extended losses further in Asia to a low of 1.5015 levels. Bearish monthly closing ahead of key data The UK economic calendar offers PMI releases this week, which shall be accompanied by US ISM figures,

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