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GBP/USD Forecast: bouncing from the base of the range

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

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair fell down to 1.5414 this Wednesday, but quickly recovered in the European morning, with the Pound being favored by the smaller-than-expected budget deficit in the UK. Net borrowing excluding public-sector banks was 9.4 billion pounds in September, down 1.6 billion pounds from a year earlier. The pair however, has barely recovered its intraday losses, and continues trading around a strong Fibonacci level, the 61.8% retracement of its latest weekly decline at 1.5445. In the 4

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