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
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.
