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GBP/USD Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:04 UTC

The GBP/USD pair initially fell during the session on Tuesday, but found support near the 1.55 level to turn things back around and climbed higher. We believe that this market is going to continue to go a little bit higher from here, probably heading towards the 1.57 handle. With this, the market continues to grind sideways overall, and we think that short-term charts will be the way to go going forward. We have no interest in selling at this point, at least not until we get below the uptrend line which is much lower than current pricing.

 

GBP/USD Forecast July 29, 2015, Technical Analysis

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