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GBP/USD Forecast: looking more constructive

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The day for the British Pound, started with the first estimate of the UK fourth quarter 2015 GDP that came in at 0.5%, matching estimates and slightly above the final third quarter reading of 0.4%. The data helped the local currency and the GBP/USD pair advanced through 1.4300, helped also by crude, as Brent trades near $33.00 a barrel mid London session. The technical picture is bullish intraday, as the 4 hours chart shows that the price is breaking above its 20 SMA, while

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