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GBP/USD Forecast: Lower highs pattern continues, Eyeing 1.4980?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD made a sharp comeback in the NY session on Friday; courtesy of which the GBP/USD pair fell to 1.5187 levels. The weak close marked the continuation of the “lower highs and lower lows” formation/falling channel formation seen on the daily chart. Fed normalization begins today? The closed meeting of the Board of Governors of the Federal Reserve System is scheduled today and the only matter under consideration is “Review and determination by the Board of Governors of the advance and

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