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GBP/USD Forecast: What's next after 5-day rally?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair ended higher at 1.4222 levels on Friday on the back of broad based USD selling triggered by weak US wage growth figures. The five-day winning streak was its first since June. The February payrolls report was much better-than-expected, but the details were not so impressive. The headline NFP pushed the three-month average lower to +228K from +241K, however, the average hourly earnings printed at -0.1% m/m and 2.2%; both missed estimates. CME rate hike probability post Friday’s

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