The GBP/USD pair initially tried to rally during the session on Monday but pulled back as we continue to consolidate just above the 1.2750 level. Because
The GBP/USD pair initially tried to rally during the session on Monday but pulled back as we continue to consolidate just above the 1.2750 level. Because of this, I think that a bounce will happen, but you will probably have to look for it on short-term charts. I have no interest in selling, I believe that the British pound has broken out for a longer-term move. Ultimately, I believe that we are going to go looking for the 1.3450 level above, but it’s going to take some time to get there as there is so much in the way of noise above.
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.
