GBP/USD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:25 UTC
The GBP/USD pair broke higher during the course of the day on Tuesday, as we reach towards the 1.35 handle. However, I recognize that there is a lot of resistance between here and the 1.3650 level, so I’m waiting to see whether or not we get some type of exhaustive candle in order to start selling again. Once we get above the 1.3650 level though, I believe that the market will continue much higher. So having said that the next couple of days coming up will be very interesting for this particular pair.

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