Participant

Today after Mario Draghi’s conference, the US Dollar has increased, the rate of GBP/USD pair has fell below the support of the range movement. The ECB has announced a QE program that will start in March and will end in September 2016. If the price will remain below 1.5033, then the outlook is bearish. We have a support on short term at 1,5007 and lower at 1,4831 – 1,4813.

GBP/USD

 
Participant

thank you, it falls below 1.5000 level now so very bearish i think you are correct. good call

 
Participant

The rate has come to test the 1.5033 level (former support), if the price will stay below is likely that will resume the downward movement.

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