The GBP/USD pair rallied during the course of the session on Thursday, breaking well above the 1.30 level. However, the market is still very negative
The GBP/USD pair rallied during the course of the session on Thursday, breaking well above the 1.30 level. However, the market is still very negative overall so I am simply waiting for some type of exhaustion candle in order to start selling the British pound yet again. Because of this, I am going to be very patient when it comes to the cable, and simply allow the market to tell me when it’s time to start selling yet again. I believe that the impulsive candle from several sessions ago should continue to be very negative.
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.
