GBP/USD Forecast October 23, 2015, Technical Analysis

The GBP/USD pair initially tried to rally during the course of the session on Thursday but then turned back around at the 1.55 level yet again. With this, the market looks as if it is ready to continue dropping. However, there is more than enough support below to keep us from selling at this point in time. If we could break above the 1.55 level, we would then be very bullish. However, we do not think it’s going to happen anytime soon, so we are simply waiting for some type of supportive candle in order to start buying again.









GBP/USD Technical Analysis October 23, 2015, Technical Analysis