Sponsors

GBP/USD Forecast September 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 September 2016 07:59 UTC
The GBP/USD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above. This of course is an area that has caused quite a bit of resistance recently, so it’s not a big surprise that we turned back around. I believe that a break down below the bottom of the range for the session on Wednesday could be a selling opportunity in the market should reach down to the 1.3050 level. On the other hand, if we can break above the 1.3650 level, the market will go much higher.

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.