GBP/USD Forecast: upside limited, bearish below 1.4220

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Cable enters negative territory against the greenback, in this European morning, after trading as high as 1.4308 early Asia. The GBP/USD pair trades a handful of pips below Friday's close weighed by the decline in oil's prices, down almost $2.00 a barrel today and pressuring the 31.00 level. With no relevant data scheduled in the UK for this Monday, the upside remains limited for the pair, with selling interest still waiting to add at higher levels. From a technical point of view, the 4

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