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GBP/USD Forecast: Eyes falling channel support

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to a low of 1.5025 on Friday after the US non-farm payrolls report blew past expectations to print at 271K, pushing the unemployment rate dropped to 5.0%. The CME Fed fund futures now show the December rate hike probability at 69.8%. The 2-yr treasury yield, which mimics rate hike bets, rose to its highest since 2010. The cable witnessed a moderate technical recovery in Asia and is approaching 1.5087 (61.8% of Apr-Jun rally). Fresh weakness in European session The rate

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