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GBP/USD Forecast January 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 January 2016 05:44 UTC

The GBP/USD pair fell during the course of the day on Tuesday, forming a slightly negative candle. The market looks as if it is going to continue to sell off every time it tries to rally though, so we are sellers in general. We believe that it’s only a matter of time before the market reaches towards the 1.45 handle, so we have no interest in buying this market right now, and believe that the “ceiling” is near the 1.50 level, and have no interest whatsoever in buying until we get above there.

GBP/USD Forecast January 6, 2016, Technical Analysis

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