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GBP/USD Forecast May 10, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 10 May 2016 06:04 UTC
The GBP/USD pair initially tried to rally during the course of the session on Monday, and then turn right back around for most of the day and formed a shooting star. Ultimately, breakdown below the bottom of the shooting star could send this market lower, but there is quite a bit of noise just below. If we break the top the candle though, we could go back towards the 1.47 area again. If we do break down, expect quite a bit of choppiness all the way down to the 1.41 handle below.

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