The GBP/USD pair went back and forth during the course the week, and ended up forming a less than impressive candle. If we break above the top of the
The GBP/USD pair went back and forth during the course the week, and ended up forming a less than impressive candle. If we break above the top of the range during the course of the week, it’s very likely that we continue to go higher, but I still think that the 1.2850 level is a bit of a ceiling. Because of this, it’s likely that the market will continue to be negative overall. With this, I feel much more comfortable shorting on signs of exhaustion or break down below the 1.20 level which should be massively supportive.
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.
