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GBP/USD Forecast: correcting, but still bearish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair is trying to bounce some from its recent lows, and trades around the 1.4300 figure, having been as high as 1.4322 so far today. The Pound is founding some support in positive housing news as the Rightmove house price index improved in January, up to 0.5% from a previous -1.1%. But the dominant long term bearish trend remains firm in place, and there's little suggesting the pair can extend its rally. According to the 4 hours chart, the 20 SMA heads south, capping

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