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Forex Forecast: Buy the lows on GBP/USD, EUR/USD: 1.0450 calling, Gold a cheap buy?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we give you the outlook for FX majors and Gold prices, with Steven Woodcock, Senior FX Analyst at Plutus FX. GBP/USD: Still a range trade Woodcock notes that GBP/USD is down because of the dovish Carney but remains a range play. 1.54 remains the top end of the range, and the cross is now approaching the bottom of its range, having broken below the daily support. Woodcock further suggests to buy the lows, play the range, and sell it around 1.5250-1.5260 area. USD/CAD:

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