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US Dollar Forecast: GBP/USD Clears March Low Ahead of US NFP Report

From forex.com

GBP/USD snaps the range bound price action from last week as the US ISM Manufacturing survey prints at 50.3 in March versus forecasts for a 48.4 reading, and the exchange rate may attempt to test the yearly low (1.2518) as the Relative Strength Index (RSI) falls to its lowest level since October. US Dollar Forecast: GBP/USD Clears March Low Ahead of US NFP Report GBP/USD clears the March low (1.2575) after struggling to retrace the decline following the Bank of England (BoE) interest rate decision, and the exchange rate may no longer track the flattening slope in the 50-Day SMA (1.2673) even though the Federal ... (full story)

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  • Category: Technical Analysis