The GBP/USD pair initially tried to rally during the course of the week, but turned back around and the 1.45 level to form a bit of a shooting star. This
The GBP/USD pair initially tried to rally during the course of the week, but turned back around and the 1.45 level to form a bit of a shooting star. This of course is a negative sign, and as a result we believe that the market will probably drift lower. However, it is a very noisy area just below, so it’s probably going to be easier to trade this market from a shorter-term chart as opposed to a weekly one. Volatility should continue to be the way going forward.
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.
