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GBP/USD off gently after counter-trend bounce during Tuesday’s US session

FXstreet.com (Barcelona) – The GBP/USD opened lower for the session after a sharp rebound occurred Tuesday during the US session. There may be one more upside try in the cards, but technicians say the key resistance comes in at 1.6221.

GBP/USD traders to react to British and US data on Wednesday

The data flow that may have an impact on the GBP/USD Wednesday includes: British GDP; British Inflation Report Hearings; British Distributive Trades Survey; US Durable Goods Orders; US Weekly Jobless Claims; US Chicago PMI; US Leading Indicators; and the US University of Michigan Consumer Sentiment Survey.

Technical …read more