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GBP/USD Forecast: Rejected at 50-DMA, bearish bias intact

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair extended the recovery from the low of 1.4895 to 1.5240 levels on Friday as the USD was offered across the board ahead of the weekend. The US advance retail sales figure printed lower than estimates, but clocked 4-month high. However, the data failed to keep the USD bid. Risk aversion, commodity sell-off raising doubts over Fed liftoff Some amount of worry appears to have crept into the Markets that the ongoing risk aversion in the markets and the sell-off in oil and other

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