GBP/USD Forecast: tight consolidation ahead of Super Thursday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair continues consolidating in a tight range above the 1.5400 figure, but below the weekly high set last Monday at 1.5446. The release of the UK final services PMI resulted better than previously estimated in October, printing 54.9 against 53.3. The Pound enjoyed some limited demand afterwards, and trades near the mentioned high, but showing no upward momentum ahead of the BOE's Super Thursday. The technical picture is neutral-to-bullish according to the 4 hours chart,

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