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GBP/USD Forecast: slightly positive tone in the short term

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The British Pound plummeted at the beginning of a day, down to 1.4130 against the greenback weighed by the decline in oil prices. But the GBP/USD quickly bounced back, and trades below the 1.4200 level as the market prices in the latest developments in the black gold. A positive mood surging across the different markets, with oil and stocks recovering the ground lost at the opening, should support the GBP in the short term. From a technical point of view, the 4 hours chart presents a mild

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