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GBP/USD Forecast: upside limited below the daily high

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair trades around the 1.4500 figure, having advanced up to 1.4545 so far today, but limited towards the upside by selling interest aligned around the mentioned high. The Pound has seen a nice upward corrective movement last week, recovering up to the 50% retracement of its latest slump, but then easing back as a private poll showed that those favoring a Brexit had began to rise. From a technical point of view, the 4 hours chart shows that the price is hovering right below

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