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Pound/Dollar: Balanced

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Hourly The pound/dollar on Thursday was down to 1.5110 after the Bank of England convened. After US stats came out, the rate restored to 1.5187. The situation is ambiguous for me. Due to this and according to the internal spike that is forming, I expect the GBP/USD to fall to the 90th degree. Since the indicators are down, it’s likely that there’ll be a false break upwards. This will allow the indicators to offload and sell the pound from 45 degrees. The important events have passed and now

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