Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

GBPUSD Daily Forecast: October 07

Thursday, October 6, 2016 21:46
% of readers think this story is Fact. Add your two cents.

GBPUSD Forecast
The Cable plunges earlier today after French president François Hollande called for a hard Brexit for the UK. The GBP/USD fell 5% and hit 1.2000 level but recovered quickly traded around 1.2425 at the time I wrote this comment. The bias is neutral in nearest term. I will stand aside for now. As you can see on my daily chart below, price is making a hammer formation. Overall I remain bearish, but if the hammer formation confirmed by the end of the day, we may see a bullish correction/reversal next week.



We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • Ahmed

    Things have really gone into another level this week with another Brexit type thing occurring, I believe we always have to be prepared for such stuff. I have been able to make great profits even with such unexpected events, it’s all because of following the trend and that becomes possible with broker like OctaFX since they support me pretty well using their swap free account, it works so nicely and keep everything relatively simple and straight forward for me to work with.

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.