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GBP/USD Forecast January 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 07 January 2016 06:16 UTC

The GBP/USD pair fell during the course of the session on Wednesday, as we continue to grind our way lower. Any rally at this point in time should be a selling opportunity, and as a result we are sellers of exhausted candles above. The market should try to reach down to the 1.45 handle given enough time, and as a result we remain very bearish. In fact, we are not buyers until we get above the 1.50 level, something that isn’t going to happen in the short-term as far as we can see on these charts.

GBP/USD Forecast January 7, 2016, Technical Analysis

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