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GBP/USD Forecast: Doors open for re-test of channel support

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair fell sharply on Tuesday to a low of 1.5029 levels as the USD witnessed across the board strength ahead of the FOMC rate decision. The markets ignored the uptick in the UK core inflation and pushed the USD higher in line with the uptick in the treasury yields. Eyes UK data ahead of Fed rate decision The data in the UK is likely to show the jobless rate stayed unchanged at 5.3% in October. The growth in the average earnings including bonus is seen slowing to 2.5% from Sep’s

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