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GBP/USD Forecast: struggling around 1.5200

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair came under some selling pressure at the beginning of the day, falling down to 1.5180, where buying interest surged. The macroeconomic calendar in the UK will be pretty busy on Tuesday, with the release of retail and wholesale inflation data. But for this Monday there will be not much to lead the pair, except by market's sentiment. From a technical point of view, the 4 hours chart shows that the price is having trouble to recover above 1.5210, the 38.2% retracement of its

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