GBP/USD Forecast September 13, 2012, Technical Analysis
Comments (1)
Technical Reports
To learn more click here
The GBP/USD pair rose during the session on Wednesday as the rally continued. The 1.61 level offered resistance though, and we have formed a bit of a shooting star. We don’t think that any fall from this area will be more than a simple buying opportunity, and we also believe that the “floor” in this marketplace right now is 1.60 handle.
The Bank of England is nowhere near easing right now, and the Federal Reserve could possibly do so later today. Because of this, this should put a bid in this pair going for some time now. We think the 1.63 is a reasonable target in the intermediate term.
GBP/USD Forecast September 13, 2012, Technical Analysis
Worries of Global Copper Surplus Drive Prices Downwards
AUD/USD forecast for the week of May 20, Technical Analysis
Traders Feeling the Impact of Server Technology and IT Infrastructure...
Gold forecast for the week of May 20, 2013, Technical
Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
View all of FX Empire Analyst - Christopher Lewis's Articles
