GBP/USD Forecast February 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 25 February 2016 09:05 UTC
The GBP/USD pair fell significantly during the course of the day on Wednesday, breaking below the 1.40 level. By doing so, the market looks as if it is vulnerable to the downside and a break of the range for the day would be reason enough to start selling. If we bounce from here, short-term exhaustive candle near the 1.40 level would also be a selling opportunity. At this point in time, looks as if the British pound is going to continue to be very soft, due to fears of the United Kingdom leaving the EU.



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