Sponsors

GBP/USD Forecast September 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 September 2015 06:41 UTC

The GBP/USD pair initially tried to rally against the course of the session on Tuesday, but broke down significantly and more importantly below the 1.54 handle. Because of this, we feel this market will continue to drift lower, but should find support at the 1.52 level. With this, we feel that a break down below the lows of the Tuesday session is a short-term selling opportunity at this point in time. However, if we break down below the most recent low, we feel the market would then again go lower, reaching towards the 1.50 handle.

 

 

 
 

 

 

 

GBP/USD Forecast September 16, 2015, Technical Analysis

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.