Sponsors

GBP/USD Forecast December 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 23 December 2015 05:56 UTC

The GBP/USD pair fell during the course of the session on Tuesday, breaking down to a fresh, new low. As we approach the 1.48 level, there might be a little bit of psychological support, but ultimately this market should then head to the 1.45 handle. Ultimately, we look at rallies as selling opportunities, as the US dollar continues to be the favored currency around the world. Given enough time, we believe that sellers will continue to push this market lower again and again. We have no interest in buying this pair anytime soon.

GBP/USD Forecast December 23, 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.