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
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.
