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GBP/USD Forecast: sell at spikes

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair trades slightly higher this Monday, aiming to recover the 1.4300 level following the release of UK data. The Markit manufacturing PI for January beat expectations up to 52.9 from the 51.8 expected and a previously revised 52.1. Money and credit conditions improved modestly during December, although consumer credit missed expectations. The pair advanced up to 1.4316 and holds above the 1.4300 figure, but lacks directional strength. In the 4 hours chart, the price is above a

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