Advertisement
Advertisement

GBP/USD Forecast February 15, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Feb 13, 2016, 04:50 UTC

The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45

GBP/USD Forecast February 15, 2016, Technical Analysis

The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45 level. The weekly candle of course is a hammer, so having said that the market looks as if it is trying to go higher, but at this point in time this market will struggle to go anywhere. We need to make a fresh high in order to serve buying, so this point in time we are just going to simply wait to see that happen before we put money to work.

gbpusd

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement