The GBP/USD pair broke higher during the course of the week, closing shortly below the 1.45 handle. Breaking above the top of the shooting star is a
The GBP/USD pair broke higher during the course of the week, closing shortly below the 1.45 handle. Breaking above the top of the shooting star is a bullish sign, but having said that, we need to clear that area in order to start buying from a longer-term perspective. Ultimately, we believe that this is probably best traded on short-term charts more than anything else. At this point in time, we are still within the consolidation area that has been driving this market for several weeks now.
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.
