GBP/USD Forecast October 24, 2016, Technical Analysis

The GBP/USD pair initially fell during the course of the day on Friday but turned around to form a bit of a hammer. That being the case, looks as if we are going to get a bit of a bounce. However, this is certainly a very negative marketplace, and I believe that there is more than enough bearish pressure above that sooner or later the sellers will get involved again. I think that we are simply trying to build enough momentum to finally break down below the 1.20 level below, but it is going to take quite a bit of back and forth. - 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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