Report this content as inappropriate on the site:

Answer:

Well, the Cable (GBPUSD) failed to break above the resistance at 1.5200 during yesterday's outing. Without any clear sign of a reversal, I can say that the pair's uptrend has not began yet. Moreover, with the looming credit downgrade of the UK, the pound will more likely to continue heading south.

Author: ForexGump

Type of Abuse:

I think this answer violates the community guidelines.

Chat or rant, adult content, spam, insulting other members
I think this answer is illegal.

Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing

Additional details (optional):

What happens next?

If one or more reliable members of the community report this answer it will be removed.

Sign In

AskPips.com