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GBP/USD forecast for the week of July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:10 GMT+00:00
The British pound broke higher during the week, clearing the top of a hammer from the previous week, and slammed into the 1.30 level. This is a
The British pound broke higher during the week, clearing the top of a hammer from the previous week, and slammed into the 1.30 level. This is a technically strong signal, and a break above the top of the weekly highs should send this market towards the 1.3450 level. Pullbacks could be supported near the 1.28 handle, and this market will continue to be very volatile. Ultimately, I believe the uptrend is starting to show signs of strength, but I think that it will be difficult as the market continues to be moved on headlines.
GBP/USD Video 03.7.17
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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