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GBP/USD forecast for the week of July 4, 2016, Technical Analysis
Updated: Jul 3, 2016, 10:23 GMT+00:00
The GBP/USD fell slightly during the course of the week, as we continued the bearish pressure. With this, market will continue to go lower over the
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The GBP/USD fell slightly during the course of the week, as we continued the bearish pressure. With this, market will continue to go lower over the longer term, but we may need to see a short-term bounce in order to start selling again as it would help with momentum in this market. Even if we break above the top of the candle for the week, it is likely that sellers will return somewhere above as there are a lot of concerns regarding the United Kingdom.
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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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