the daily chartist

GBP/USD recap for 29.09; 30.09; 01.10.2015

published 6 years ago

 Sterling has been struggling hard to find a bottom from its sharp, steady and consecutive drop, continued in 29.09 and 30.09 and reaching inside the zone of 1.51344 the price found some relief and in 01.10.2015 - the beginning of the new month, price finished in erm... blue territory. Carney and BOE comments and weak data and dollar strength weigh on the pound as it struggled to brake up. This level could bring some support for the price to move up for a correction to 1.53460 in my opinion as past "bottom" levels for the price.