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GBP/USD Forecast August 23, 2017, Technical Analysis
Updated: Aug 23, 2017, 04:33 GMT+00:00
The GBP/USD pair fell significantly during the day on Tuesday, slicing through the important 1.2850 level. This is a very bearish turn of events, and
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The GBP/USD pair fell significantly during the day on Tuesday, slicing through the important 1.2850 level. This is a very bearish turn of events, and could send the market lower. I think that the market will first test the 1.28 handle, and then eventually go down as we have seen significant support broken. Currently, I suspect that the 1.2750 level should be a target, and then eventually the 1.2650 level after that. I don’t have any interest in buying, I believe that the British pound will continue to offer selling opportunities every time it rallies.
GBP/USD Video 23.8.17
About the Author
Christopher LewisSenior Analyst
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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