GBP/USD Forecast: Trendline resistance remains intact

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair hit an intraday low of 1.5415 in the NY session after the upbeat US CPI and weekly jobless claims hit the wires. The March 2016 Fed rate hike bets ticked up slightly to 52%, but immediately fell back to 49%. Consequently, the cable trimmed losses to finish the NY session at 1.5450 levels. Sterling ticked higher in Asia today to 1.5480, before easing off slightly to trade around 1.5466 levels. UK calendar empty, Fed March rate hike bets at 53.2 The UK economic calendar is

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