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GBPUSD reaches 1.53 before BoE decision

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Traders have once again received positive encouragement that the 1.51 level for the GBPUSD is a probable “bottom” this week after the pair managed to strongly rally away from this level, and towards a two-week high at 1.5320. The GBPUSD is continuing to trade with high volatility, but the technical traders are probably enjoying some of the present opportunities available in the pair. Not only is 1.51 looking like very stubborn support, but the daily timeframe points out that the GBPUSD is also

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