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Forex Forecast: GBP/USD still a range trade, USD/JPY building up to go higher, EUR/USD...

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we offer the technical outlook for EUR/USD, GBP/USD, USD/JPY, and Gold prices with Steven Woodcock, Senior FX Analyst at Plutus FX. EUR/USD: Higher before lower Woodcock sees the possibility of EUR/USD taking out its recent low, but believes that the cross will make a small blip higher before turning lower. While he remains bearish on the pair, he doesn’t support a parity view. GBP/USD: Still a range trade Woodcock notes that GBP is trading heavy, but remains a

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