GBP/USD Forecast: retracing from key long term resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Sterling is on a tear this Tuesday, steadily falling against the greenback, after the GBP/USD topped out last week at the 61.8% retracement of this year decline, around 1.4440. The pair is breaking through the 1.4200 level, accelerating its slide in the European morning as local share markets turned into the red. The UK macroeconomic calendar will remain empty today, meaning the pair will keep trading on sentiment, at least until the release of US Retail Sales, later today. On

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