GBP/USD October October 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 22 October 2015 08:24 UTC

The GBP/USD pair went back and forth during the course of the session on Wednesday, showing quite a bit of indecision. However, we recognize that the 1.55 level above is resistive, so it is not until we break above there that we are comfortable buying this pair on a move higher. On the other hand, we could get a bit of a pullback, but then pullback should be a nice buying opportunity on signs of support. We have no interest in selling this market at the moment, as the market looks very healthy.









GBP/USD Technical Analysis October 22, 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.


Subscribe to Newsletter

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