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GBP/USD Forecast March 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 03 March 2016 07:37 UTC
The GBP/USD pair initially pulled back during the course of the day on Wednesday, but then shot well above the 1.40 level, and even more importantly the top of the shooting star from the Tuesday session. That being the case, the market looks as if it is going to continue to go higher, but quite frankly we feel that the 1.43 level above is going to be as high as this market can go. Exhaustive candles will be reason enough to start selling, and at that point in time we will not hesitate to do so.

 

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