GBP/USD Forecast May 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 May 2016 06:03 UTC
The GBP/USD pair initially tried to rally during the day on Tuesday, but turned back around to form a very negative candle. The 1.45 level is offering support though, so this point in time not quite ready to start selling. I believe a supportive candle here could be reason enough to start going long. It isn’t until we break below the 1.44 level that we have an interest in selling, so at this point in time it’s just a matter of “hurry up and wait” for the buying opportunity in this market.

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