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GBP/USD Prolongs Bearish Trend

Discussion in 'Technical Analysis' started by Kaitlin, Apr 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    With the return of 'Brexit' fears the Pound declined against the US Dollar yesterday, also bouncing back from the four-week down-trend. The Cable retains its weakness today, therefore, is likely to drop at least towards the nearest support, namely the weekly PP at 1.4151. However, bears might even push the[​IMG]

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