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GBP/USD Forecast October 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 October 2015 06:03 UTC

The GBP/USD pair rose during the session on Tuesday, as we continue to meander around the 1.52 handle. We have no interest whatsoever in buying this market though, even though it looks as if the market is going to go higher. A resistant candle above could be a selling opportunity though, so we really we are going to wait to see whether or not we get a failure of momentum to the upside in order to start selling again. On the other hand though, if we break to a fresh, new low we would be sellers there as well.

 

 

 

 

 

 

 

GBP/USD Forecast October 7, 2015, Technical Analysis

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