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GBP/USD Forecast: bears lead, 1.4810 possible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair trades in a 45 pips range ever since the day started, stuck around the 1.4900 figure. Bears, however, retain control of the pair given that attempts of advancing remained contained by a sharply bearish 20 SMA according to the 4 hours chart, where the technical indicators also support the downside, having turned south below their mid-lines. With no fundamental news scheduled for the day that can affect the pair, a break below 1.4880, should lead to a continued decline

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