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GBP/USD Trades Flat, Attempts To Prolong The Rally

Discussion in 'Technical Analysis' started by Kaitlin, Nov 26, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Sterling outperformed the US Dollar yesterday, amid the budget announcement in the Autumn Forecast Statement. However, despite this correction, the Cable is still expected to touch the Nov low of 1.5026, before making its way higher to retest the down-trend. The weekly S1 is an obstacle today, providing immediate[​IMG]

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