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.

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