GBP/USD: Low Conviction Dollar Longs Jump Ship

Discussion in 'Technical Analysis' started by Kaitlin, Nov 20, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    One currency that's seen a notable bounce against the US dollar, both today and over the last two weeks, is the British pound. GBP/USD has rallied nearly 300 pips from its early November lows to trade back around the 1.5300 handle. Despite the recent bounce though, the medium-term bias in[​IMG]

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