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GBP/USD forecast for the week of April 4, 2016, Technical Analysis
Published: Apr 2, 2016, 05:08 GMT+00:00
The GBP/USD pair initially rose during the course of the week, but found quite a bit of resistance just below the 1.45 level. Because of this, we ended up
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The GBP/USD pair initially rose during the course of the week, but found quite a bit of resistance just below the 1.45 level. Because of this, we ended up turning back around and forming a shooting star. Ultimately though, this is a pair that looks as if it is essentially going to continue to bounce around between the 1.40 level on the bottom, and the 1.45 level on the top. Ultimately, it’s probably better to trade this market from shorter-term perspective at this point in time as the market has struggled to make up its mind over the last month or so.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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