The GBP/USD pair went back and forth during the course of the day on Friday, forming a bit of a shooting star. The fact that we formed a shooting star
The GBP/USD pair went back and forth during the course of the day on Friday, forming a bit of a shooting star. The fact that we formed a shooting star right here at the 1.52 level, of course suggests that we are running into a bit of resistance. Ultimately, if we break down below the bottom of the range during the course of the session, we would be sellers as the market should then reach down to the 1.5050 level. We have no interest whatsoever in buying this market at the moment.
GBP/USD Forecast November 16, 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.
