The GBP/USD pair initially tried to rally on Friday but then turn right back around form a negative candle. That being the case, looks as if we’re going
The GBP/USD pair initially tried to rally on Friday but then turn right back around form a negative candle. That being the case, looks as if we’re going to try to grind our way back down to the 1.45 handle. With this, there could be a significant amount of support there, but a break down below the bottom of the candle for the session on Friday should send this market into a bit of a downward move. Buying isn’t even a thought at this point in time as there is so much in the way of resistance just 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.
