GBP/USD Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Cable retreated from its intraday high after the FOMC Meeting Minutes were released yesterday, but still managed to reclaim the 1.22 level. Nevertheless, technical indicators are now giving bearish signals, implying that the Pound is to weaken further. However, price is expected to remain above 1.21, with the Bollinger[​IMG]

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