GBP/USD Forecast: Bearish no matter what

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound has advanced some early Friday, but continues trading within a tight range and maintains its dominant bearish tone, with the GBP/USD pair trading a handful of pips above the 1.4600 level. The UK released its November trade balance data, when the deficit on trade in goods and services was estimated to have been £3.2 billion, slightly better than the previous one. The 4 hours chart shows that the pair met selling interest around a bearish 20 SMA, while the technical

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