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GBP/USD domniated by consolidation this week

Market consensus now looks for initial BoE move Q1 2016 Neutral momentum studies, 5, 10 & 20 DMA's - 20 day Bollinger's contract Modest downside bias while 1.4888 20 dma holds London 1.4740 low & 1.4888 falling 20 dma ar…

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  • Market consensus now looks for initial BoE move Q1 2016
  • Neutral momentum studies, 5, 10 & 20 DMA's - 20 day Bollinger's contract 
  • Modest downside bias while 1.4888 20 dma holds 
  • London 1.4740 low & 1.4888 falling 20 dma are initial support/resistance 

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