GBP/USD Forecast: upside favored, clearer above 1.5285

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair eased some this Friday, down to 1.5261 in the European morning, now bouncing from a strong Fibonacci support, the 50% retracement of the latest weekly decline. News that the public sector net borrowing excluding banks decreased by £6.6 billion to £54.3 billion in the current financial year-to-date (April 2015 to October 2015) compared with the same period in 2014, helped the Pound further, with the pair pointing to regain the 1.5300 figure now. Technically the pair is

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