GBP/USD Forecast: fresh lows seen below 1.4900

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair trades around its daily opening early in the European session, having been hovering in the lower half of Thursday's range during Asian hours. There has been no news in the UK to affect the Pound, and the pair will likely to trade in sentiment for the rest of this Friday. The technical picture is clearly bearish, with the price developing far below its 20 SMA and the technical indicators resuming their declines below their mid-lines, after correcting the

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