Sponsors

GBP/USD Forecast September 21, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 September 2015 06:27 UTC

The GBP/USD pair broke higher during the course of the session on Friday, but turned back around to form a massive shooting star. With this being the case, the uptrend line that had recently kept the market going higher is now offering resistance. If we can break down below the 1.55 level, we would be sellers. We have no interest in buying at the moment, as it appears there is nothing but volatility just above. Ultimately, the market could very well find its way back down to the 1.52 handle. Below there, the market should then head to the 1.50 handle.

 

 

 
 

 

 

 

GBP/USD Forecast September 21, 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.