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GBP/USD Muted Ahead Of UK CPI Data

Discussion in 'Technical Analysis' started by Kaitlin, Jul 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Demand, represented by the weekly PP, was sufficient to cause the Sterling to outperform the US Dollar, with the pair adding slightly more than 50 pips yesterday. Positive UK fundamentals could prompt the Cable to move higher again, but technical indicators retain bearish signals, suggesting that a bearish development is[​IMG]

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