Weaker retail sales data out of the U.S yesterday as GBPUSD retracement sees resistance at 1.525
GBPUSD continues on the bearish run ahead of U.K Services PMI with high volatility expected till the end of the week
GBPUSD slips lower, hovering within 1.4900.
GBPUSD continues to retrace with prices now approaching 1.5400 as traders await the release of U.K Manufacturing Production m/m
GBPUSD starts to form an inversed head and shoulder pattern with candles finding support at 1.5044
Cable advances after the release of FOMC Statement with Janet Yellen commenting that interest rates would not be raised in the short to medium term
GBPUSD continues to rise after reaching a low of 1.5087 with high volatility expected due to U.K Parliamentary Elections later in the day
GBPUSD remains supported at the 200 EMA observed on the daily chart ahead of U.K Manufacturing Production m/m