GBP/USD Forecast: Finds support at falling channel ahead of UK

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The GBP/USD pair took out May 2010 low of 1.4227 and took out 1.42 levels to hit a low of 1.4130; its lowest level since February 2009. Sterling rose as high as 1.4339 but ran into offers once again near the 5-DMA. The better-than-expected core CPI helped Sterling but Carney’s dovish take on interest rate triggered a sharp fall to fresh multi-year lows. “Now is not the right time to raise rates”, Carney said and this is something the majority in the markets already knew. Till yesterday, many

    Continue reading...

Share This Page

free forex signals