GBP/USD Forecast July 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 July 2016 05:41 UTC
The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in time, I believe that the British pound will reach towards the 1.30 level, and then perhaps even lower than that. Alternately, if we get a rally I think that will simply be an opportunity to start selling this market yet again. At this point in time, I have absolutely no interest in buying the British pound.

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.


Subscribe to Newsletter

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