Sponsors

GBP/USD Forecast May 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 May 2016 06:42 UTC
The GBP/USD pair initially tried to rally on Friday but then turn right back around form a negative candle. That being the case, looks as if we’re going to try to grind our way back down to the 1.45 handle. With this, there could be a significant amount of support there, but a break down below the bottom of the candle for the session on Friday should send this market into a bit of a downward move. Buying isn’t even a thought at this point in time as there is so much in the way of resistance just above.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.