Forex technical analysis: GBPUSD dips toward 50% retracement level - ConsultFX

Forex technical analysis: GBPUSD dips toward 50% retracement level

Below low from last week The GBPUSD has had an up and down day. The up came after inflation data showed that CPI rose by 3.1% - above the upper limit of 3.0%.  The move higher took the price above the 100 bar MA on the 4-hour chart and back above a broken trend line. Those Copyright 2015 Forexlive.com