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GBP/USD forecast for the week of January 18, 2016, Technical Analysis
Updated: Jan 16, 2016, 06:25 GMT+00:00
The GBP/USD pair initially tried to rally during the course of the week but then sliced through the 1.45 level and continue to go much lower. In fact, we
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The GBP/USD pair initially tried to rally during the course of the week but then sliced through the 1.45 level and continue to go much lower. In fact, we closed at the very low of the weekly candle, and as a result that looks as if the market is trying to tell us that the British pound is going to continue to go much lower. Rallies at this point in time will be sold, and we fully anticipate seeing the British pound drop to the 1.40 handle below.
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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