The GBP/USD pair did very little during the session on Thursday, essentially meandering around the 1.60 handle for the entirety of the session. The shows
The GBP/USD pair did very little during the session on Thursday, essentially meandering around the 1.60 handle for the entirety of the session. The shows that the market is trying to find support in this area, an area that we anticipated that happening. With this, we are bullish but we need to see a break above the top of the range for the session on Thursday in order to put money to work. We have no interest in selling, at least not until we get below the 1.5850 handle, and on a daily close.
GBP/USD Forecast October 31, 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.
