Wed, 13 Nov 2013 13:30:03 GMT
GBP/USD 4H Chart: Rectangle
The cable has been highly volatile during the last two days, and mostly led by fundamental data. Hence, on Tuesday, the pair lost 136 pips after disappointing inflation data, while on Wednesday, it rebounded from previous drop, rising 123 pips, on the back of better-than-expected data from the U.K. labour market. Though technical indicators are mixed, in a shorter