Sponsors

GBP/USD Forecast August 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 15 August 2016 09:54 UTC
The GBP/USD pair initially tried to rally during the course of the day on Friday but turned right back around yet again. This market looks like it is ready to start drifting lower, but that’s the key word “drifting.” I’m not looking for some type of meltdown, I believe that we are going to continue down to the 1.25 level but at this point in time there to simply isn’t enough momentum out there to push this market lower with any type of speed. I prefer selling short-term rallies as they offer a little bit more room to move.

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.