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GBP/USD Forecast August 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 03 August 2015 06:50 UTC

The GBP/USD pair went back and forth during the course of the session on Friday, and as a result we should continue to have plenty of volatility. That being the case, the market looks as if the 1.55 level below should be supportive, just as the uptrend line below should continue to be supportive as well, as the market should eventually break out to the 1.58 level above. With that, pullbacks are opportunities to go long, but in the meantime it appears that the market will stay in this fairly tight range.

 

GBP/USD Forecast August 3, 2015, Technical Analysis

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