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GBP/USD Forecast December 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 29 December 2015 08:51 UTC

The GBP/USD pair fell during the day on Monday, as we continue to drift lower. We believe that the market is negative overall, and as a result we are willing to sell rallies as they show signs of weakness. We are also willing to sell this pair when we break down to a fresh, new low. We have no interest in buying this market, we think that the overall downward drift will continue as the US dollar is one of the strongest currencies in the world right now. Currently, we believe that the market will reach towards the 1.45 level given enough time.

GBP/USD Forecast December 29, 2015, Technical Analysis

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