The GBP/USD pair fell significantly during the course of the session on Thursday as the Bank of England developed a somewhat dovish tone. With this, we
The GBP/USD pair fell significantly during the course of the session on Thursday as the Bank of England developed a somewhat dovish tone. With this, we fell immediately to the 1.52 level, which of course is massively supportive. Because of this, we are waiting to see whether or not we can break down below the supportive barrier that extends all the way down to the 1.5150 level before we sell. On the other hand, if we form a supportive candle here, we could consider buying as the significant bounce should send this market much higher.
GBP/USD Forecast November 6, 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.
