A historic bearish trajectory took the GBPUSD to lows it has not seen since 1985: Forex Forecast Trading
The trend lower in the GBP/USD has been historic.
Technical traders looking to gauge potential lows, now have to consider the nervous fundamental sentiment that has burst into the GBP/USD.Traders will need to practice extreme caution with the GBP/USD. . The British government via its tax cut and stimulus package late this past week, doesn’t look ready to ‘force’ the BoE into another sudden interest rate hike unannounced in the coming days to try and bolster the GBP/USD. But who knows? Maybe another surprise will come unexpectedly.Traders who feel tempted to look for upside price action and believe the GBP/USD is oversold need to be applauded, but they may also want to be extremely careful regarding their optimism.
If the GBP/USD begins Monday’s trading with lower price action and the Forex pair finds it hard to sustain current short term
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