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GBP/USD Forecast: easing from highs, 1.4260 key

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair retreated from a high set at 1.4412, reached during Asian hours and triggered by yen's weakness, and the pair now consolidates around its former January highs in the 1.4360 region. With no macroeconomic news scheduled in the UK, market´s attention shifted towards the US Q4 GDP figures, to be released later today. The pair is losing upward strength given that in the 4 hours chart, the technical indicators retreat from overbought levels, with the Momentum indicator approaching

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