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GBP/USD Forecast August 31, 2017, Technical Analysis

By:

Christopher Lewis

Updated: Aug 31, 2017, 06:11 GMT+00:00

The British pound has gone sideways overall during the session on Wednesday, in a consolidated and messy manner. I believe that ultimately the British

The British pound has gone sideways overall during the session on Wednesday, in a consolidated and messy manner. I believe that ultimately the British pound will continue to fall, and that the recent rally has been more about the US dollar than anything else. With this in mind, I’m looking to sell this market on short-term rallies, but I recognize that the choppiness in the volatility will continue. Of all of the markets that I am currently trading, this is probably one of the least interesting as we see the 1.2850 level offering support below.

GBP/USD Video 31.8.17

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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