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GBP/USD Forecast January 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 January 2016 06:11 UTC

The GBP/USD pair fell during the day on Wednesday, as the market continues to show negativity. We bounced enough to form a hammer though, and as a result it looks as if the market may have a little bit of resiliency in this general vicinity. However, any type of rally from this area should be a nice selling opportunity, as would a break down below the lows that we’ve seen over the last few days. We have no interest in buying this market as the us dollar is by far the strongest currency that we follow, and as a result we are simply looking for selling opportunities going forward.

GBP/USD Forecast January 14, 2016, Technical Analysis

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