GBP/USD Forecast January 26, 2016, Technical Analysis

The GBP/USD pair fell during the day on Monday, forming a slightly bearish candle. However, we have a longer-term downtrend anyway, so quite frankly we believe that this market will continue to fall. A break down below the bottom of the range for the session on Monday is reason enough to start shorting, and that’s exactly what we will do. Short-term rallies that show signs of exhaustion will also be reasons enough to start selling going forward. We have no interest whatsoever in buying this market, as the US dollar continues to be favored. - 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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