GBP/USD Forecast: limited recovery on positive market's mood

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    After a quiet Asian session, the strong opening of local share markets helped the British Pound to advance up to 1.4226 against the greenback, although the pair quickly retreated back below the 1.4200 figure, as selling at higher levels is still seen the preferred trade in the pair. With the macroeconomic calendar empty in the UK, the Pound will likely trade on sentiment this Monday, and the short term technical picture is bullish, given that in the 4 hours chart, the price has advanced

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