IFCmarkets/Forex-Latest-News
FOMC Holds Monetary Policy Unchanged, Osborne Cuts Growth, Yen Weakens on Kuroda
Cyprus Rejection Heavies Euro, Sterling Recovers on Improve Jobs Data, FOMC Eyed
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FOMC Holds Monetary Policy Unchanged, Osborne Cuts Growth, Yen Weakens on Kuroda
Intraday bias for the GBPUSD pair is to the upside continuing the reaction from more than 2 ½ year lows at 1.4824. Prices were limited by 23.6% Fibonacci level at 1.5171, consolidating just below that for the last four trading sessions. Oscillators fell to oversold levels at price's lows and the correction was the normal path.