GBP/USD Keeps Hovering Over 1.4150

Discussion in 'Technical Analysis' started by Kaitlin, Jan 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Sterling mostly ignored positive labour market data on Wednesday, appreciating only 32 pips against the US Dollar. However, the GBP/USD currency pair remains subject to weakness and is likely to experience another decline today. The weekly S1 remains the closest support, which succeeded in preventing the Cable from dropping[​IMG]

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