GBP/USD Forecast: ready to challenge 1.5000

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The GBP/USD pair trades near the 1.5000 psychological figure, with the Pound being under pressure ever since the day started. The release of the UK money data did not helped, as consumer credit in October decreased to £1.178B against previous £1.261B, while less mortgages than-expected were approved in the same month. As investors wait for more relevant data later this week, the technical outlook for the GBP/USD is bearish, given than the price is extending below a bearish 20 SMA, whilst

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