The GBP/USD pair fell a bit during the course of the session on Wednesday, but as far as we can tell there is more than enough support below to keep this
The GBP/USD pair fell a bit during the course of the session on Wednesday, but as far as we can tell there is more than enough support below to keep this market afloat. This could be a market that continues to find quite a bit of choppiness going forward, so at this point in time we are actually going to stand on the sidelines as we feel that the markets are probably going to be a bit difficult to navigate. If we can get above the 1.55 level, the market should then reach towards the 1.57 handle. Pullbacks at this point time should find enough support below to continue to cause bounces from time to time.
GBP/USD Forecast November 5, 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.
