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GBP/USD Forecast: G-20 calls Brexit a global risk & Bullish RSI divergence could trigger...

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD dropped to a low of 1.3873 on Friday after a sharp upward revision in the US Q4 GDP coupled with a rise in Us personal spending and core personal consumption expenditure gave USD bulls reason to be optimistic on the overall health of the economy. The data was strong enough to push GBP/USD lower from near 1.40 levels to 1.3873 levels. String of US data released last week was better-than-expected and should calm market nerves about a possible recession in the US. This should keep USD

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