GBP/USD Forecast: Rising trend line intact, Eyes non-farm payrolls

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair rose to a high of 1.4668 after the BOE surprised markets with its slightly less dovish stance. However, the spot fell back below 1.46 levels since the policymakers did vote 9-0 in favor of maintaining the interest rates at record lows. The focus today is on the US non-farm payrolls data. The impact on Gold and cable is discussed here ( Macro Scan ). Technicals – Rising trend line intact, strong support around 1.4515 The hourly chart shows the pair is heading towards the rising

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