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GBP/USD Makes Efforts To Recover From Friday's Slump

Discussion in 'Technical Analysis' started by Kaitlin, Nov 10, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The Sterling suffered heavy losses against the US Dollar on Friday, amid an extremely better-than-expected Non-Farm Payrolls data. As a result, not only the seven-month support was pierced, but also the Sep low of 1.5106. Technical studies remain bearish today, but due to lack of impetus the Cable might remain[​IMG]

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