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GBP/USD Forecast: bearish towards 1.4565, April low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The Pound consolidated against the greenback within the lows set this Monday, hardly able to advance beyond the 1.4720 region. The GBP/USD pair, however, managed to bounce intraday from near the weekly low set at 1.4662, the immediate support. With data pending from both economies, none of which expected to change the dominant bearish trend, the pair maintains a strong bearish tone, as per trading at fresh 8-month lows, with the 20 SMA heading south around 1.4760, and the technical

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