GBPUSD Forecast, February 21

Cable turned over an early European session plunge to a session low level of 1.3025  and recovered more than 50-pips, yet immediately withdrawn few pips from that point. The GBPUSD pair had great two-way price action yesterday and and finished almost unaltered for the day. The GBP was overloaded by…

GBPUSD Overview, February 19

Cable loses positive traction after the less-than-expected monthly report on the UK labour market. The GBPUSD pair climbs to positive region in early today’s trading after having tested the 100-hour moving average and rises to high of 1.2935 on the day. But, the GBP came under some selling pressure around…