FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
21,079,305Confirmed
753,451Deaths
13,911,378Recovered
Fetching Location Data…
Advertisement
Advertisement
Christopher Lewis
gbpusd

The GBP/USD pair fell during most of the session on Friday, but did bounce off of the uptrend line that is just below. With this, the market should find buyers on a break above the top of the hammer, which would be a buying opportunity heading towards the 1.57 level. We believe that this market continues to consolidate in general, and then eventually find buyers in order to break out and above the 1.58 level which has been resistive in the past. We believe in buying dips going forward as the British pound continues to show resilience.

 

GBP/USD Forecast August 10, 2015, Technical Analysis

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk