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GBP/USD In Limbo, Awaits US Data

Discussion in 'Technical Analysis' started by Kaitlin, Oct 15, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    In spite of worse-than-expected UK fundamentals, the Cable managed to surge on poor US economic data on Wednesday. The 229-pip rally was stopped only by the third resistance cluster around 1.5485, which might cause the Sterling to undergo a correction today. Nevertheless, if the US data turns out to be[​IMG]

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