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GBP/USD Forecast: Carney to overshadow UK GDP revisions

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/USD pair tested area around 1.4450-1.4460 multiple times on Wednesday before finally dropping below key support of 1.4368 (38.2% of 1.5230-1.3835). The bird extended losses in Asia to a low of 1.4328 levels before recovering to 1.4344 levels. Fed speak yesterday was once again confusing and there seems to be a consensus among policymakers that they need to “confuse markets, if they cannot convince”. Fed began the year on a hawkish note, then switched gears and turned dovish at March

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