The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a shooting star. The shooting star
The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a shooting star. The shooting star of course signifies that we will more than likely search selling off again. So having said that, on a pullback below the bottom of the shooting star is reason enough for us to start selling again as we try to break down below the 1.50 level. It may take a couple of attempts, but eventually we should be going much lower than that, and towards the 1.45 handle.
GBP/USD Forecast November 11, 2015, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
