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
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.
