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GBP/USD Forecast September 6, 2017, Technical Analysis
Updated: Sep 6, 2017, 02:51 GMT+00:00
The GBP/USD pair initially went sideways during the trading session on Tuesday, but shot higher as we broke above the 1.30 level. The resistance that
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The GBP/USD pair initially went sideways during the trading session on Tuesday, but shot higher as we broke above the 1.30 level. The resistance that starts at that level extends to the 1.3050 level, so I think it’s likely that we could see a bit of resistance. However, if we were to break out to the upside, it’s likely that the market continues to go higher. Some type of exhaustive candle here could be a nice selling opportunity, as it could turn the market around completely. We are currently consolidating, but today could be a signal as to where we go next.
GBP/USD Video 06.9.17
About the Author
Christopher Lewisauthor
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.
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