The GBP/USD pair went back and forth during the course of the session on Friday, essentially printing a very neutral candle. However, we feel bullish
The GBP/USD pair went back and forth during the course of the session on Friday, essentially printing a very neutral candle. However, we feel bullish about this market now that we have formed a hammer from the weekly chart, and we believe that a break above the weekly hammer is the way to go going forward and start buying. On the other hand, if we pullback and find a supportive candle, we are more than willing to start buying as this market is starting the flash long-term buying signals. We have no interest in selling at this point in time.
GBP/USD Forecast October 20, 2014, 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.
