The GBP/USD pair broke higher during the course of the week, testing areas above the 1.45 level. We gave back quite a bit of the gains though, so at this
The GBP/USD pair broke higher during the course of the week, testing areas above the 1.45 level. We gave back quite a bit of the gains though, so at this point in time although it looks like we could go higher, it’s going to be a fight. We simply wait until we get a resistant candle above in order to start shorting yet again as the downtrend has been so reliable for several months now. At this point, as long as there is a lot of uncertainty around the world, the US dollar should continue to strengthen.
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.
