The British pound did rally a bit during the course of the day on Monday, using the 1.30 level as a support barrier. That being the case, looks as if
The British pound did rally a bit during the course of the day on Monday, using the 1.30 level as a support barrier. That being the case, looks as if sooner or later we should find sellers above as we continue to simply go back and forth in the recent consolidation area. If we rally from here, there’s a chance that the markets could find sellers above, and would be more than willing to start selling on signs of exhaustion. I believe that the 1.35 level above should be massively resistive above.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
