GBP/USD recap for 21.09.2015
Sterling yesterday opened at 1.55194, went to the high at 1.55672 and then dropped to 1.54799 for a close at 1.55069. As US Dollar dominance resumes and the pairs against it are under pressure and bears control them, it is normal to see the Pound also going in red territory. The price has almost rebounded back to the strong support zone from 1.54245, from which the big accelerated movement from 15.09 started. Still inflation talks and the uncertainty in which Central Banks are now after the FOMC on 17.09 will give further pressure on the Pond too. If price reaches 1.54245 and submerge even lower, we may see a brake from the whole zone for a drop to 1.52565.