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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
