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GBP/USD Forecast: poised for recovery from Fibo support?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair fell to a multi-year low of 1.4352 levels on Tuesday and ended around 1.44 levels on Wednesday as the technical recovery ran out of steam at 1.4476 levels. The British Pound has been hammered since mid-December as markets came to terms with the falling prospects of the BOE rate hike in 2016. The losing streak has been so severe since 14th Dec that the cable closed higher on just three trading days. Eyes BOE rate decision and minutes The bank is widely expected to keep the

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