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GBP/USD Forecast: poised to break lower

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair held above the 1.4300 level for most of this Friday, having met some selling interest on a move down to 1.4296. The pair is unable to rally, in spite of better-than-expected Retail Sales in the UK, as the January figures showed a 2.3% growth compared to a month before, whilst the year-on-year reading printed a whopping 5.2%. Previous month readings however, were sharply revised lower. In fact, and after spiking up to a daily high of 1.4340, the pair retreated on

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