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.
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.
