GBP/USD Forecast: pointing to retest 1.5000

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair bounces softly from a daily low established at 1.5053, on the back of the dollar's recovery, but maintains a bearish tone this Monday, with no macroeconomic data in the UK. The greenback is on demand ever since the day started, and seems poised to continue grinding higher all through the day, particularly against its European rivals. From a technical point of view, the 4 hours chart shows that the price is nearing a flat 20 SMA around 1.5050, the immediate support, whilst the

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