GBP/USD fell during the session on Friday, but still remains within the general consolidation area that we have been in for some time. With that, we feel
GBP/USD fell during the session on Friday, but still remains within the general consolidation area that we have been in for some time. With that, we feel that the market will continue to grind sideways and therefore it’s going to be difficult to trade with any type of confidence. Because of this, we are going to stay outside of the GBP/USD marketplace today, but we recognize that if we get closer to the 1.58 level, we could be sellers, just as we could buy on a supportive candle near the 1.55 handle.
GBP/USD Forecast December 22, 2014, Technical Analysis
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.
