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GBP/USD Forecast October 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 20 October 2015 05:30 UTC

The GBP/USD pair tried to break higher during the course of the session on Monday, but found the 1.55 level above to be far too resistive. With that being the case, the market looks as if it is trying to break out to the upside, but does not quite have the momentum needed yet. With this, the market should on a move above 1.55 reach towards the 1.56 level. Pullbacks at this point in time have to be looked at as potential buying opportunities, and supportive candles below would be thought of as value.

 

 

 


 

 

 

 

 

GBP/USD Forecast October 20, 2015, Technical Analysis

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