GBP/USD Forecast: Eyes 50-DMA support, treasury yields rise

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The GBP/USD pair fell to 1.5433 levels on Friday, but still managed to end strengthen for the second consecutive week. The spot ran into offers at its 100-DMA as the USD made a comeback ahead of the weekend. The turn lower from the 100-DMA also marked a third straight failure to take out the falling trend line resistance on the daily chart. USD demand could remain intact The end-of-the-week USD demand seen on Friday could remain intact today. China reported GDP slightly better than estimates,

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