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GBP/USD Forecast: Falling channel support at 1.4200

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair fell to a multi-year low of 1.4252 even though the US macro economic data – retail sales, industrial production and regional manufacturing indices disappointed market expectations. Overall the US data said the manufacturing sector fell deep into recession in January, while the consumer spending remained anemic in the festive season of December. Fed unconcerned about financial market instability? The Fed policy makers are surprisingly sticking to their optimism despite the

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