The GBP/USD pair broke higher during the course of the week, using the 1.55 level as support. With that being the case, the market should then head
The GBP/USD pair broke higher during the course of the week, using the 1.55 level as support. With that being the case, the market should then head towards the 1.58 level given enough time. On top of that, there is an uptrend line below that should continue to pushes market higher, so having said that we have no interest in selling this market. If we can get above the 1.58 level though, this market should continue to go to the 1.60 level. We have no interest in selling as long as we can stay above that uptrend line.
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.
