GBP/USD Forecast February 26, 2013, Technical Analysis

The GBP/USD pair initially gapped lower during the session on Monday, but as you can see we did gain quite a bit in order to try and fill that. Within quite good, but can close enough and it appears that the market may be ready to try and drift lower. We certainly like selling this market, and believe that selling is the only thing you can do at this point. However, we would try to find tune any entries on the shorter-term charts and signs of resistance as there is still a little bit of a gap left. Buying just is not a thought at this point.



Written by FX Empire