The GBP/USD pair broke down during the course of the week, slicing below the 1.30 level as we continue to see bearish pressure on the Pound. The US jobs
The GBP/USD pair broke down during the course of the week, slicing below the 1.30 level as we continue to see bearish pressure on the Pound. The US jobs report was better than anticipated during the day on Friday, and that should continue to have money flowing into the USA from the United Kingdom. This is a market that continues to struggle, and at this point in time I am a seller when we see signs of exhaustion after rallies. A break down below the bottom of the range for the week is also a selling opportunity.
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.
