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GBP/USD On The Edge Of Falling To 2015 Low

Discussion in 'Technical Analysis' started by Kaitlin, Jan 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A much stronger-than-anticipated ADP data on Tuesday contributed to the Cable's weakness that day, pushing the pair to retest the 1.46 level. Nonetheless, another decline is likely to be short-lived, as the GBP/USD is now supported by a strong cluster around the 2015 low of 1.4565, represented by the weekly[​IMG]

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