GBP/USD Forecast January 21, 2016, Technical Analysis

The GBP/USD pair had a slightly positive session on Wednesday, as the 1.42 level continues to attract a lot of attention in this market. At this point, we think that any rally should end up being a selling opportunity, because quite frankly this is such a bearish market. We like selling exhaustive candles after short-term rallies, and of course a break down below the bottom of the range for the session on Wednesday itself. We believe that this market is reaching towards the 1.40 level given enough time. Because of this, we sell and sell again. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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