GBP/USD Forecast July 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 07 July 2016 06:31 UTC
The GBP/USD pair fell slightly during the course of the session on Wednesday, but turned right back around to form a bit of a hammer. If we can break above the top of the hammer, and more importantly the 1.30 level, the market should reach towards the 1.35 handle over the course of time. On the other hand, a break down below the bottom of the hammer would be a very negative sign as well, as it would show a continuation of the weakness that we’ve seen recently in the British pound overall.

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.