The GBP/USD pair fell slightly during the session on Tuesday, showing that we are in fact going to have to fight our way higher. The weekly candle was a
The GBP/USD pair fell slightly during the session on Tuesday, showing that we are in fact going to have to fight our way higher. The weekly candle was a hammer, and although we have not broken the top of that, it does appear that the market will try to find buyers in the 1.61 handle, thereby sitting us back towards the 1.62 handle and beyond. However, we need to see a supportive candle first before bringing a significant amount of money into this market, which would send this market much higher. That being said, we must show patience.
GBP/USD Forecast October 22, 2014, 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.
