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GBP/USD Forecast: Inverted head & shoulder ahead of Yellen speech

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to a high of 1.5124 in early Europe, followed by a drop to a low of 1.5050 on the back of a weaker-than-expected UK manufacturing PMI report. The pair recovered in the NY session to close at 1.5080 after the US ISM data showed the manufacturing activity contracted the most since 2009. Sterling met with offers at 1.5080 in Asia today and now trades around 1.5065. Yellen could talk up US dollar Fed chairwoman Yellen is scheduled to speak today and will be testifying before

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