GBP/USD Forecast December 19, 2016, Technical Analysis

The British pound bounced off an uptrend line during the day on Friday as we reached back towards the 1.25 handle. I still think this market breaks down given enough time, and a break down below the bottom of the range for the session on Friday is reason enough to sell. I also like selling exhausted candles above, as there is a certain amount of bearish pressure near the 1.2750 region. The Federal Reserve is looking to raise interest rates several times this coming year, while the Bank of England is light years away from doing the same. - 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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