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.
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.
