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GBPUSD: What to Expect in the Week Ahead

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last week was fairly buoyant for the Cable as the pair benefitted largely from the general risk aversion surrounding the US Dollar. However, despite the recent rally, the pair is now facing a reversal of its gains as today has seen price action decline back towards the long run bearish trend line. Subsequently, the question remains, will the Cable continue to gain or will the BoE’s rate decision see it bearish again. The Cable had a strong week, finally breaching the long run bearish trend

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