The Britishpoundhas continued its decline against the U.Sdollarat the beginning of today after the release of disappointing data from the British economy and the decrease of the U.K Nationwide HPI.
However, the trading is expected to remain limited amid thin liquidity in the markets during the period from the end of this year, and to prepare for the New Year celebrations starting tomorrow.
The pound dollar declined slightly after the break through the Descending Flag to the downside on the short term trading toward the Fibonacci level 127 % which corresponds to the $1.5467 level. And a break below this level will support further retreat of the prices toward the main target of the Flag at $1.5435. However, we recommend to our dear traders that any decline of the prices would represent good opportunities to enter buy positions, as the cable is expected to resume its bullish wave as a correction step. 
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GBP/USD Expected To Remain Bearish
Published 12/30/2014, 02:59 AM
Updated 05/14/2017, 06:45 AM
GBP/USD Expected To Remain Bearish
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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