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GBP/USD Forecast: increasing bearish potential

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair trades around Friday's close, stuck below 1.4250 a strong static resistance level, and approaches to the level are attracting selling interest. The UK construction activity posted a modest advance in March according to the latest PMI release, resulting at 54.2, unchanged from February's 10-month low, and unable to affect much the pair's price. From a technical point of view, the risk is back towards the downside, as the Pound keeps underperforming its major

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