GBP/USD October October 22, 2015, Technical Analysis

The GBP/USD pair went back and forth during the course of the session on Wednesday, showing quite a bit of indecision. However, we recognize that the 1.55 level above is resistive, so it is not until we break above there that we are comfortable buying this pair on a move higher. On the other hand, we could get a bit of a pullback, but then pullback should be a nice buying opportunity on signs of support. We have no interest in selling this market at the moment, as the market looks very healthy.









GBP/USD Technical Analysis October 22, 2015, Technical Analysis