GBP/USD Forecast: Nears falling trend line resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair rebounded from the 5-DMA support to end the day higher at 1.4262 levels. Dollar selling resumed in the NY session, pushing the pair as high as 1.4284 levels. The bullish move came as UK government put its foot down hard on Anti-EU supporters. British Chambers of Commerce director-general, John Longworth resigned after being suspended for saying that the UK economy could be better off outside. Furthermore, Bank of England announced 3 long-term repo operations between June 14

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