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GBP/USD Forecast: Bears to make a comeback?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair quickly fell to its hourly 100-MA at 1.5134 after the release of a weak wage growth figure, before moving back to 1.5165 and extending gains to a high of 1.5247 in the Asian session today on the back of a drop in the UK unemployment rate a fresh multi-year lows. Broad based USD selling in the NY session also helped the pair rally. Yellen speech eyed The UK data calendar is empty, hence the main event for the day is Yellen speech. The Fed’s Yellen is more likely to talk up

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