Now that we have the jobs number out of the way on Friday, it appears that this market has decided it is going to go lower. In fact, the British pound not
Now that we have the jobs number out of the way on Friday, it appears that this market has decided it is going to go lower. In fact, the British pound not only sliced through the 1.52 level, but it also approached the 1.50 level rather feverishly. With this, it’s more than likely only a matter of time before we break down even lower, perhaps heading down to the 1.45 level. With it rallies at this point in time window been selling opportunities, at least all the way to the 1.52 level at the very least.
GBP/USD Forecast November 9, 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.
