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GBP/USD Forecast: Eyes rising trend line support

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/USD tanked on Tuesday as markets believe terror attacks in Brussels after multiple attacks in Paris in last one year would force Britons to actively consider voting in favor of Brexit at June 23 referendum. Prices drifted lower from 1.44 to a low of 1.4190. A minor recovery to 1.4227 was seen in the overnight trade, but fresh offers made sure the pair fell back below 1.42 in early European trade today. On economic front, a slower-than-expected rise in the UK CPI means BOE has enough room

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