GBP/USD Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Jul 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    In the wake of poor UK Services PMI figures the Sterling erased all weekly gains, having fallen back to the 1.31 major level against the US Dollar. Despite being supported by this psychological level, the GBP/USD currency pair is expected to fall lower or at least close near the 1.31[​IMG]

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