The GBP/USD pair initially tried to rally but turned right back around during the course of the day here on Thursday, ending up with a bit of a shooting
The GBP/USD pair initially tried to rally but turned right back around during the course of the day here on Thursday, ending up with a bit of a shooting star like candle. That being the case, it looks as if it is possible that a break down below the bottom of the scandal could send this market looking for the 1.45 handle. That would be a short-term selling opportunity at this point in time though, so you would have to be careful shorting. A break above the top of the range during the course of the session on Thursday should send this market much higher.
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.
