The GBP/USD pair initially tried to rally during the course of the week but did get back some of the gains during the Friday session. That being the case,
The GBP/USD pair initially tried to rally during the course of the week but did get back some of the gains during the Friday session. That being the case, the market looks as if it is trying to find enough momentum to break down but at this point in time we are essentially continuing to grind sideways overall. This makes sense as the holiday season is upon us, and that of course means that the market could very well said sideways for the next couple of weeks. We need to see an impulsive candle in order to put money to work.
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.
