GBP/USD Forecast May 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 06 May 2016 06:26 UTC
The GBP/USD pair broke down during the course of the day on Thursday, but still remains above the 1.44 level. That’s the area that we would have to break down in order for me to start selling this market going forward, so I believe that any type of supportive candle in this area just as the case that we have broken out and now are trying to find continuous buyers. If we can break above the top of the range for the session on Thursday, we would be buyers at that point in time as the market should continue to go much higher over the longer term.

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