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GBP/USD Forecast July 14, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 July 2015 07:21 UTC

The GBP/USD pair broke higher during the course of the session on Monday, but turned back around to form a shooting star. The shooting star of course is negative, so if we can break down below the bottom of the shooting star, the market should then head towards the 1.53 level. That being the case, the market should be bearish on a break lower for at least the short-term. However, if we can break above the top of the shooting star, we would be very bullish as it would break through significant selling.

 

GBP/USD Forecast July 14, 2015, Technical Analysis

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