GBP/USD Forecast March 20, 2013, Technical Analysis

For the third trading session in a row, this pair has formed a shooting star on Tuesday. This shooting star gravitates around the 1.51 handle, and as a result it does look like this market is setting up to fall yet again. In fact, after forming these three shooting stars in a row, if the market does managed to go higher, it would be without a doubt one of the strongest trade signals that we have seen and some time. Because of this, we feel fairly confident that this market will continue lower, and are selling it as we speak.

 

GBP/USD Forecast March 20, 2013, Technical Analysis

Written by FX Empire