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GBP/USD Forecast: eyeing 1.4050

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair is bouncing modestly from a fresh weekly low of 1.4093. There was no clear catalyst behind this latest Pound decline, a clear sign of the negative sentiment towards the currency. Ahead of the release of the FOMC Minutes, the 4 hours chart shows that the 20 SMA has extended its decline below the 200 EMA, whilst the Momentum indicator has retreated from its mid-line, while the RSI heads south near oversold levels, supporting a continued decline towards the 1.4050 level, a

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