Christopher Lewis
Add to Bookmarks

The GBP/USD pair fell during the course of the day on Monday, continuing to meander around the 1.6050 level. Because of this, we feel that the market is essentially one that’s going to go sideways for a while, and that being the case we have no interest in trading this market at the moment. However, we do recognize that this area could bring in a significant amount of support. However, at this point in time we realize that it’s probably easier just to simply ignore this market in the short-term as there is simply no clear-cut set up.


Know where GBP/USD is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

GBP/USD Forecast October 14, 2014, Technical Analysis

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker