GBP/USD Forecast: Pressuring into trendline resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair was the best performing major currency on Wednesday after the UK ONS reported the unemployment rate at multi year lows and a slight uptick in the wage data. Heading into the report, the sentiment was weak; courtesy of Tuesday’s weak inflation figure. Hence, the positive reaction was intense after upbeat labor and wage data. The gains were extended further after the US retail sales printed lower than expected. Get ready to bid adieu to March rate hike The US CPI for September,

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