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GBP/USD Forecast: Eyes 61.8% retracement support ahead of US GDP

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD fell in the European session on Monday to 1.5125 levels, before bouncing back to 1.5185 (23.6% of Jul 2014-Apr 2015 plunge) on a batch of weaker-than-expected US data only to fall back to a fresh session low of 1.5109 levels post the opening bell in the US. Eyes Carney ahead of US GDP Bank of England Governor (BOE) Mark Carney is scheduled to testify to UK legislators on the Treasury Committee about the central bank's latest Inflation report. The QIR revised the GDP and inflation

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