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GBPUSD Update, Pound Remains a Sell into Strength Play

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPUSD, Daily The GBPUSD pair continued to grind lower at the start of the week after remarks from BoE MPC Martin Weale, highlighting that “the factors pushing down inflation have become a bit more prolonged”. Price has since recovered from the early sell-off and is currently trading higher for the day. The fundamental outlook, in my view, supports that the GBP will continue to weaken vs the USD for some time to come and that traders should be ready to resell the pair on bounces. Technically,

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