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GBP/USD Forecast: holding above 1.4300

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound is giving back some of its latest gains against the greenback, having rallied up to 1.4366 on Tuesday following the recovery in crude oil prices. The strong bearish momentum that sent the pair close to 1.40 this January, has lost steam, but the pair is still unable to pick up, and offer a more sustainable upward corrective move. In the meantime, the price has managed to hold above the 1.4300 level, and the 4 hours chart shows that it also holds above a bullish 20 SMA,

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