The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45
The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45 level. The weekly candle of course is a hammer, so having said that the market looks as if it is trying to go higher, but at this point in time this market will struggle to go anywhere. We need to make a fresh high in order to serve buying, so this point in time we are just going to simply wait to see that happen before we put money to work.
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.
