GBP/USD Forecast September 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 September 2015 11:10 UTC

The GBP/USD pair fell during the course of the day on Monday after initially trying to break back above the top of the previous uptrend line. With this, the market looks very negative at this point in time, and if we can break down below the bottom of the range for the Monday session, we believe that this market will try to reach down towards the 1.53 handle, and then perhaps the 1.52 level. At this point in time, we have no interest in buying this market as it should be bearish for the short-term.


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.


Subscribe to Newsletter

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