Sponsors

GBP/USD Forecast November 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 November 2015 07:18 UTC

The GBP/USD pair fell a bit during the course of the session on Wednesday, but as far as we can tell there is more than enough support below to keep this market afloat. This could be a market that continues to find quite a bit of choppiness going forward, so at this point in time we are actually going to stand on the sidelines as we feel that the markets are probably going to be a bit difficult to navigate. If we can get above the 1.55 level, the market should then reach towards the 1.57 handle. Pullbacks at this point time should find enough support below to continue to cause bounces from time to time.

GBP/USD Forecast November 5, 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.