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GBP/USD Forecast: moving in a Rising channel ahead of US advance retail sales

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD was offered to 1.5174 in early Europe, before a minor sell-off in the EUR/GBP cross pushed the cable to 1.52. The USD was offered in early US session after Fed’s Yellen and other officials failed to provide any hawkish surprises. Consequently, the GBP/USD pair jumped to 1.5242 (hourly 200-MA) before trimming gains to 1.5210 in the Asian session today. Another weekend USD rally ahead? The US advance retail sales for October is due for release today. The consensus estimate is for a

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