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GBPUSD trading at major support

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GBPUSD, Monthly GBPUSD has been falling for several months as markets have been adjusting to changing interest rates landscape that has lately been favouring the USD over the pound. Markets have also been worried about the approaching referendum that could lead to Britain exiting the Eurozone. Polls have been suggesting that opinion is more evenly divided than previously thought, though the UK government is still negotiating with EU partners for better terms. After hitting a 50 month SMA in

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