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GBP/USD Forecast August 27, 2014
 
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Fundamental Analysis

The Pound Sterling fell against the dollar at the end of yesterday trading session, amid the strong rise of the greenback against most major currencies, the pound sterling was also affected by the release of negative data from the British economy and which showed a decline in mortgage approvals during the month of July.

And the pound dollar prices recovered slightly amid the absence of key data from the economic calendar for today.

Technical Analysis



As we can see on the H1 chart, the pound dollar is moving within a sideways trading between $1.66 and $1.6536, amid the absence of the economic data for today, and we expect that the pair will continue its rally toward the main targets stated in our daily Newsletters.

To know the expected scenario of the Cable, and follow the rest of the technical analysis, and to know the next target of this pair and other currencies, register now on our website

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