Market Watch – GBPUSD Forecast 7-12th September 2014

The pound got simply hammered by the dollar in the last month. Following the impressive rally that characterized this currency in the 2014 this can be see as a major correction.

Chart

We closed the week just above a significant support line and considering the likelihood of a dollar correction we could expect a healthy bounce in the GBPUSD pair.

Further details are discussed in my video:

Good luck trading!!

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