GBP/USD Forecast October 29, 2015, Technical Analysis

The GBP/USD pair went back and forth during the course of the day on Wednesday, as we continue to pound around the 1.53 level. This is a market that is far too choppy for our liking at FX Empire, so the moment we are somewhat standing on the sidelines. We believe that the 1.52 level below is massively supportive, just as the 1.55 level above should be massively resistive. However, there are many smaller support and resistance levels between the 2 areas, and as a result this market is just simply going to be too difficult to be bothered with.