Sponsors

GBP/USD Forecast August 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 12 August 2016 09:18 UTC
The GBP/USD pair fell slightly during the course of the day on Thursday, breaking below the 1.30 level. However, there is quite a bit of support all the way down to the 1.28 level below, so with that being the case I feel that the market will eventually try to break down below there, and when it does it becomes a longer-term sell. In the meantime, I am simply selling short-term bounces that show signs of exhaustion as the market was certainly is very negative. I have no interest whatsoever in selling this market.

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.