GBP/USD Forecast December 16, 2016, Technical Analysis

The GBP/USD pair broke down below a trend line during the session on Thursday, slicing through the 1.25 level. If we can continue to go lower, and I think we will, we should reach towards the 1.23 level, and then eventually the 1.20 level after that. Short-term bounces that show signs of exhaustion should be selling opportunities going forward, and that’s exactly how I’m trying to trade this market. I have no interest in buying the market unless we can get above the previous uptrend line, so at this point it’s “sell only” for me. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the