GBP/USD Forecast December 19, 2014, Technical Analysis

The GBP/USD pair as you can see initially fell during the session on Thursday, but turned back around to climb and continue to consolidate in the same general area we have been in for some time. Because of this, we are looking for resistive candle in order to start selling again as we should simply go back and forth. As we get so close to the Christmas holiday, it is difficult to imagine a scenario in which we should see any type of significant move, so therefore we are just simply going back and forth.

 

GBP/USD Forecast December 19, 2014, Technical Analysis