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GBP/USD Forecast November 20, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 20, 2015, 05:59 UTC

The GBP/USD pair had a volatile session on Thursday, as we rose towards the 1.5350 level, but found it to be a bit too resistive. We also fell to the 1.52

GBP/USD Forecast November 20, 2015, Technical Analysis

The GBP/USD pair had a volatile session on Thursday, as we rose towards the 1.5350 level, but found it to be a bit too resistive. We also fell to the 1.52 level as well, and that area proved to be supportive. With this, it looks like the market is going to try to fight as well a bit higher but it is going to be very volatile. We will keep ourselves on the sidelines at the moment, simply because there are easier trades out there to be had, and with this we are simply observing.

 

GBP/USD Forecast November 20, 2015, Technical Analysis
GBP/USD Forecast November 20, 2015, Technical Analysis

About the Author

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.

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