GBP/USD Forecast July 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 July 2016 05:51 UTC
The GBP/USD pair fell during the course of the day on Tuesday, breaking down to a fresh, new low. Because of this, I believe that the market should continue to go lower but I also recognize that the 1.30 level will be a significant amount of psychological support in this market. I believe that anytime we rally in the market, we have to be looking for an exhaustive candle in order to start selling. This is a market that is falling for good reason, and as a result should continue to do so in the foreseeable future.

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.