The GBP/USD pair fell during most of the week but as you can see touched the uptrend line below to bounce back towards the 1.55 handle. Because of this,
The GBP/USD pair fell during most of the week but as you can see touched the uptrend line below to bounce back towards the 1.55 handle. Because of this, we feel that this market does go higher given enough time, and at this point in time we are buyers. We believe that the market will then head to the 1.57 level, and then eventually the 1.58 level. Ultimately, we have no interest in selling this market, as there is more than enough strength below to keep buyers involved.
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.
