GBP/USD Forecast January 25, 2016, Technical Analysis

The GBP/USD pair rallied during the session on Friday, but did struggle little bit towards the end of the day in order to form a somewhat exhaustive candle. This exhaustive candle suggests that perhaps we could pullback but it should be noted that we ended up forming a massive hammer for the week. In other words, a break above the top of the candle for the day on Friday could be a short-term buying opportunity but ultimately we believe it is going to be easier to sell this market on exhaustive candles after rallies.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com