GBP/USD Remains Subject To Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Sep 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Fed's decision to keep rates unchanged weakened the American Dollar, allowing the British Pound to take the upper hand and negate Tuesday's losses yesterday. Despite a bullish development, technical studies now suggest the Cable is to decline, thus, fall back under 1.30. The GBP/USD currency pair is still expected[​IMG]

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