GBP/USD Forecast January 27, 2014, Technical Analysis

The GBP/USD pair fell hard during the session on Friday, but found the 1.65 level supportive yet again. With that, we feel that the market will more than likely look for some type of supportive candle in this general vicinity, and as a result we believe this market is going to give people a buying opportunity in this area. We obviously don’t have the setup yet, but fully expect to see this market going higher in the short-term. On a break higher, the 1.70 level will be the target that we aim for in this market.

 

GBP/USD Forecast January 27, 2014, Technical Analysis