The GBP/USD pair broke higher during the course of the week, closing shortly below the 1.45 handle. Breaking above the top of the shooting star is a
The GBP/USD pair broke higher during the course of the week, closing shortly below the 1.45 handle. Breaking above the top of the shooting star is a bullish sign, but having said that, we need to clear that area in order to start buying from a longer-term perspective. Ultimately, we believe that this is probably best traded on short-term charts more than anything else. At this point in time, we are still within the consolidation area that has been driving this market for several weeks now.
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.
