GBP/USD Forecast: fresh lows, nearing 1.4300

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound is being weighed by the decline in oil prices, which trade at fresh 12-year lows in this European morning. The GBP/USD pair fell down to 1.4336 so far today and wobbles some pips above the level, but the bearish trend persists. Technically, the 20 SMA has once again capped the upside, and now offers a strong dynamic resistance at 1.4410, whilst the Momentum indicator turned sharply lower and heads south below its 100 level, while the RSI indicator also heads lower around 34,

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