The GBP/USD pair rallied on Monday, as the US dollar softened a bit overall. The 1.27 level above could be resistive yet again, but I think the real
The GBP/USD pair rallied on Monday, as the US dollar softened a bit overall. The 1.27 level above could be resistive yet again, but I think the real massive “ceiling” in this market is closer to the 1.2850 level above. The uptrend line underneath should continue to push this market higher, so at this point I think it’s only a matter time before we continue to try and test that aforementioned ceiling. If we can break down below the 1.25 level, I feel that the British pound will test the 1.20 level underneath.
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.
