Sponsors

GBP/USD Forecast January 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 05 January 2016 06:14 UTC

The GBP/USD pair initially tried to rally during the day on Monday, but turned back around to form a very negative looking candle. The shooting star at the bottom of a downtrend is of course a very negative sign, and as a result we believe that a break down below the bottom of the range should continue to push this market down towards the 1.45 handle. We have no interest in buying, at least not until yet well above the 1.50 level which seems very unlikely at this point in time as the US dollar is so strong.

GBP/USD Forecast January 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.