The GBP/USD pair went back and forth during the course of the day on Monday, as the market simply seems to be stabilizing around the 1.22 handle at the
The GBP/USD pair went back and forth during the course of the day on Monday, as the market simply seems to be stabilizing around the 1.22 handle at the moment. However, I do recognize that there is a lot of bearish pressure here, so as soon as we rally I am going start looking for exhaustive candles that I can start selling again. A break down below the 1.20 level should be a signal that we’re going to go to the 1.15 level, which is massively supportive on the monthly chart. I have no interest in buying, and will simply look for selling opportunities 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.
