Published: 4/21/2015 2:56:00 PM
Like most major currency pairs, GBPUSD has been essentially rangebound for the past six weeks. Over that period, we’ve seen our fair share of disappointing data from both countries, and neither currency has been able to rise above the economic mediocrity. On Friday, it seemed as if the pound was finally on the verge of a breakout above the key 1.50 level, but sellers stepped in late in the day to push the pair back down from that key resistance level for the weekly close. Friday’s big reversal ...
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