GBP/USD Risks Falling Back Under 1.42

Discussion in 'Technical Analysis' started by Kaitlin, Apr 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Sterling set off with a 125-pip rally against the Buck yesterday, unable to climb over the second tough resistance area. Technically, we should see the Cable bounce back under the 1.42 major level, with the weekly PP now acting as the nearest support at 1.4151. However, today's UK inflation[​IMG]

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