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GBP/USD Forecast: Larger falling trend still intact

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/USD ended last week at 1.4120 levels. Cable may have breached smaller falling trend lines on the hourly chart, although a larger one drawn from Mar 30 high-Mar 31st high still intact. Currency pair attempted a break above 1.4154 (38.2% of 1.4668-1.3835) in Asia but failed. The data calendar in UK is empty, hence the pair finds itself the mercy of action in the GBP/JPY cross. Later in the day, comments from Us treasury secretary Jack Lew and Fed’s William Dudley could influence broad based

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