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GBP/USD Forecast March 16, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 March 2016 06:40 UTC
The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.4150 region. Looking at this chart, it appears that we will probably try to get down to the 1.40 level, which is massively supportive. This is a pair that has a lot of bearish pressure upon it, and should continue to do so. After all, there are a lot of concerns about the United Kingdom leaving the European Union. A bounce from here could offer a selling opportunity on exhaustive candle as well. We have no interest in buying this pair at the moment.

 

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