The GBP/USD pair rose during the course of the week, but found the 1.35 level to be far too resistive to continue going higher. We pulled back about half
The GBP/USD pair rose during the course of the week, but found the 1.35 level to be far too resistive to continue going higher. We pulled back about half of the gains, and having said that it appears that the market will continue to go lower but I think this could be easier to trade this market off of the shorter-term charts, as we should continue to go lower due to people being concerned about the United Kingdom leaving the European Union. In the meantime, though, I have no interest in buying.
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.
